Posted by Nate(DC) on January 17, 2003 at 20:39:49:
I’d think your first step would be to get your financing lined up. Your second step would be to find the house, and the third would be to actually purchase it.
You will find it is much easier to finance if it is NOT in the name of an LLC. Unless you were planning on paying cash, this has to be a consideration.
townhouse as an investment in D.C. - Posted by Nancy Laheeb
Posted by Nancy Laheeb on January 17, 2003 at 10:41:34:
Hi there. Just wanted to get information about 2 friends wanting to purchase a townhouse in DC as investment property and then eventually renting it out. What would be our first step if we do decide to buy? Is it better to form a LLC? Where can I find more information about this?