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The Investor’s Guide to a Single-Family Rental Emergency Fund
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Starting Out
HomeForumsStarting OutProperty LLC or Tenancy in Common or Both ?
Adwaita Ray's profile image
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Adwaita Ray
  • Member since Feb 21, 2020
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Adwaita Ray's profile image
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Adwaita Ray
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Adwaita Ray
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Starting Out

Property LLC or Tenancy in Common or Both ?

Adwaita Ray
Posted Feb 21 2020, 21:43

I'm going for my first investment in SFR with a few friends. I was wondering which would be better - to create a Property LLC or have Tenancy in Common agreements ?

Can I buy a property , and then create an LLC and then sell the ownership share to my friends through TIC ? Can they be done together LLC as well as TICs ?

How does the liabilities work if it’s together ?

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