Updated almost 7 years ago on . Most recent reply
Master Lease to purchase question
I am considering a master lease option to purchase a large apartment complex. This master lease will basically be like renting a rental business for a fixed monthly rent. I have a few questions:
Do I start my own LLC to operate under the master lease?
If I intend to purchase the properties at the end of two years, how should I save up for the downpayment from the profits: under the LLC or have the LLC payout to me, who then purchases?
Who pays taxes under a master lease? I know the owners pay the current mortgage, but what about the taxes?