Purchasing an existing LLC with 4 SFRs already in it

[Anna Catron]

A gentleman in my area is retiring and moving. He listed his LLC for sale. I've never seen this. Would a regular mortgage broker ever be able to help me finance this?

Also, would his LLC then go into our LLC?

Thanks so much!  Any guidance would be helpful!

[Mike Burkett]

@Anna Catron I'm neither an accountant or a lawyer. Check with both of them. There are both legal and accounting implications with buying the LLC versus the properties individually. Personally, I would have your LLC buy the properties from his LLC primarily to eliminate any potential contingent liability from his LLC. (You have no idea what kind of bad things his LLC has been up to over the years)