Purchase condotels with an LLC?

4 Replies

I'm just starting out and I'm interested in investing in condotel vacation rentals. Does anyone have any experience in this area of investing? Can I buy the condotel in an LLC or transfer it into an LLC? Do I even need an LLC for investing in condotels? I'm in the Myrtle Beach area. Any advice is welcome. Thanks.

I don't see why you couldn't own a condotel in an LLC or transfer it into one just like any other piece of real estate. All the usual challenges of due on sale clauses etc apply.

Do you need the extra asset protection or would a good insurance policy get the job done? What's your intended financing method - conventional, private, hard money, cash?

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