Investor · Greenville South Carolina and Lihue, HI · Member since 2016 · 69 posts · 14 votes
I have the opportunity to purchase a property by assuming the mortgage and the seller doesn't want to involve RE agents. Our family lawyer tried to talk me out of putting our first property into a LLC (which I had already established and determined to use), so I would rather find someone who works with and understands RE investing.
Hi Karen. Happy to discuss further if you want to message me. I am a major advocate for putting your properties into LLCs. I'm not sure why your lawyer is trying to talk you out of it? Did he or she have any reason? Especially if you are assuming a mortgage and it will be an investment property. Are you going to hold it or is it a rehab and flip? Is it commercial or residential?