Date Published: 2021-09-16
Your future taxes and liabilities may be affected if you buy your new property with a company or buy under your own name. An accountant or lawyer can help you select the best option. It is common to observe that the use of an LLC (limited liability company) is the most frequent due to:
Now, is it appropriate to create an LLC for each property?
If there are several properties purchased with a single LLC, one property could expose the others. The suggestion, decision and creation of an LLC type company does not present any difficulty, however, it is preferable that it be carried out by qualified personnel and it is not an activity that a Real Estate Agent is authorized to perform.
Among the possibilities for buying properties there are mainly the following: a) Properties that are not new, b) Properties that are brand new or less than 6 months after completion of construction, c) Properties in pre-construction or new developments.
A Real Estate Agent or REALTOR® is an advisor that specializes in the buying and selling residential and commercial property. He or she is a member of the National Association of REALTOR®, a professional association with more than one million members in the United States...
There are some terms and conditions that you need to know before buying a property in plans or in pre-construction, in other to avoid looking bad when signing the contract…