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Updated over 4 years ago on . Most recent reply

Christian Sifuentes's profile image
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Christian Sifuentes
  • Flipper/Rehabber
  • from Fair Lawn NJ
  • Member since Jan 9, 2016
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Christian Sifuentes
  • Flipper/Rehabber
  • from Fair Lawn NJ
  • Member since Jan 9, 2016
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Christian Sifuentes
  • Flipper/Rehabber
  • Fair Lawn NJ
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Buying & Selling Real Estate

purchasing a property in New Jersey

Christian Sifuentes
  • Flipper/Rehabber
  • Fair Lawn NJ
Posted

Any suggestions from investors and real estate lawyers in the area on how to best purchase an investment property in New Jersey? There is three of us involved bringing in funds. Should we each have our own LLC on title or should we create an LLC together? Our plans are to flip and buy and hold.

Thank you 

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Patrick Liska
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  • from Verona, New Jersey
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Patrick Liska
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  • from Verona, New Jersey
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Patrick Liska
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Patrick Liska
  • Investor
  • Verona, NJ
Replied

Have your own LLC, You are the Manager, then you form an LLC with your Partners to buy the property under. your LLC is listed as one of the Managing Member of the Partner llc. this will help protect you from your partners liabilities. seek consul with an Attorney to confirm that your llc will help protect you.

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