All Forum Posts by: Account Closed

Hello everyone! I am looking to begin investing within the next couple of years with about 7 of my family members. Most of us are on board with the idea that we should create an LLC to purchase investment properties with. With so many people involved, we think it would be a much better option for liability reasons. However, a few of us think it would be better for us to individually purchase the property under our names to avoid some of the difficulties of securing property through an LLC.

My wife and I are meeting with a banker this week for some professional advice, but I decided to pose this question here as well for some community feedback.  Most of the information I read online in regards to this debate usually involves an individual person purchasing for themselves.