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Updated over 7 years ago on . Most recent reply

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38
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Ranga Ramanathan
  • Investor
  • Lake Zurich, IL
14
Votes |
38
Posts

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

Most Popular Reply

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2,069
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902
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Percy N.
  • Developer
  • Philadelphia, PA
902
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2,069
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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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