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Updated over 7 years ago on . Most recent reply

Mark Bascetta's profile image
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Mark Bascetta
  • Rental Property Investor
  • from New Britain, Connecticut
  • Member since Nov 19, 2016
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Mark Bascetta's profile image
Mark Bascetta's profile image
Mark Bascetta
  • Rental Property Investor
  • from New Britain, Connecticut
  • Member since Nov 19, 2016
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Mark Bascetta
  • Rental Property Investor
  • New Britain, CT
12
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27
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Starting Out

Bought first multifamily. Should I make a LLC?

Mark Bascetta
  • Rental Property Investor
  • New Britain, CT
Posted
I just bought a 3 family house in Central Ct with Fha as my first property. My father is my partner and wants to do a LLC to protect his personal house. I do plan on acquiring multiple properties in the future. Ive seen some investors make a property management llc...why? What are the benefits or drawbacks of all this? Should I make a llc?
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Michael Noto's profile image
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Michael Noto
  • Real Estate Agent
  • from Southington, CT
  • Member since Jan 27, 2008
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Michael Noto's profile image
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Michael Noto
  • Real Estate Agent
  • from Southington, CT
  • Member since Jan 27, 2008
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Michael Noto
  • Real Estate Agent
  • Southington, CT
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Michael Noto
  • Real Estate Agent
  • Southington, CT
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Is the loan in your name as an owner occupant? Check with your lender if their is any ramifications to transferring ownership to a LLC.

  • Michael Noto
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