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Updated 3 days ago on . Most recent reply

User Stats

54
Posts
13
Votes
Shannon Vistisen
  • New to Real Estate
  • Michigan
13
Votes |
54
Posts

Purchase the LLC or the property alone

Shannon Vistisen
  • New to Real Estate
  • Michigan
Posted

Good Morning,

I'm working with an investor (family) who owns raw land within an LLC. We were going to partner together on it where I build and run a STR on it. Now, moving forward he offered for us to take it over completely. I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.

Any information is greatly appreciated! This is uncharted territory for both of us.

Thank you!

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