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38
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14
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Ranga Ramanathan
  • Investor
  • Lake Zurich, IL
14
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38
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Should offer for CRE come from the holding LLC?

Ranga Ramanathan
  • Investor
  • Lake Zurich, IL
Posted
Hello All, i am in the market for a small multifamily, this will be the first time for me with 5+ unit, so far i have been a buy and hold SFM investor. When giving an offer and getting a property under contract should it come from the LLC i want to put this property into or can i have it under my name and transfer it to LLC before the financial transaction happens? I dont have an LLC registered yet wondering if that should be the first thing i should be doing. i have searched this topic but unable to find direct answer can one of the fellow investors kindly provide answer or point me towards this topic in other forums. thanks Ranga

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2,073
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Percy N.
  • Developer
  • Philadelphia, PA
905
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2,073
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Percy N.
  • Developer
  • Philadelphia, PA
Replied

You can put your LOI or offer under your name "and/or assigns", which would give you the flexibility to switch to another LLC or bring in a partner

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