I have a question. My brother, who does not live here and has never been an American resident, wants us to buy an apartment/condo as an investment property.
The scenarios we are seeing as possibles are the followings:
1) Buying it as a LLC
2) Buying it as individuals
3) Getting a mortgage
4) Paying cash.
The best scenario for us would be 1) and 3).
We are looking for advise to know better the pros and cons of purchasing a property as an individual or as an LLC. I understand that the limited liability is important, but I think that also there is some other economic advantages... right?
Is it difficult to get financing under an LLC as opposed to owning it personally?