Date Published: 2017-02-02
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.
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…
It is important that before starting with the procedures to buy a house you are well informed about the financing processes, in order to avoid possible scams ...
Brief and simplified explanation of the property purchase process: