Hello BP Community,
My wife and I have an LLC in Florida which we currently own one short term rental in and we just had an offer accepted for a 2nd which we will split with my aunt who lives in Boston. We advised the realtor to write up the offer in the name of the LLC as well as my aunt (who is not apart of the LLC). We will be paying cash, 50/50 split so we will not finance. With all the recent tax changes, what is the this the best way to structure the purchase. Her reason for investing is she likes the area and will plan to visit in the winter and also to help us out as we are also considering investing in another multi family property and have limited cash reserves to fund both deal.
Thanks in advance for any advice.
I agree with Jeffrey's post, it will create a double layer if you run into litigation issues in the future. Good Luck
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