All Forum Posts by: Stephen Neto

thanks

I am in the process of purchasing my first 3 family investment property. I need advice to setup the contingencies in the P&S to my favor so I can back out for any reason I see fit. What should I include to protect my $5k deposit? I also assume I get my deposit back if I decide to back out?

So my next question is why do some people put properties under LLC's anyway? I assume it is more for liability protection against the individual ?

As I am entering the beginning stages of owning multi families, I am looking for advantages of putting properties in my name or should I use a separate LLC for each property? Which is better for tax advantage point? Also which is better when it comes to getting finance? Do I become a bad risk to banks if I have properties in my name? By keeping in LLC's does that not effect my personal credit and financing capabilities? Newbie needs advice. Thanks.