Are there any downfalls to purchasing realestate as an LLC? What are the bennefits?
This is the kind of topic where it is smart to consult both your accountant and a real estate lawyer before making a final decision. From our experience, there is no reason to buy real estate for personal use (such as your primary home or your vacation home) under an LLC. In fact, there will be some disadvantages to doing so, both in tougher financing conditions and in certain tax implications.
Buying investment properties under an LLC, however, is a very good idea and is done a lot. In fact, the trend is to buy each new property under a separate LLC. This ensures not only that you are personally protected from any liability incurred by your particular real estate investment, but also that if one of the properties were to fail and incur a debt, this debt would not influence your other investments.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.