Posted by: Susie Nelke ®
04/04/2003, 23:23:25
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I just bought (fee simple not lease hold) a condo in Hawaii. I own a small percentage of the land. My loan is for a second home since they would not do the loan as an investment property simply because I have no prior "investment history". I want to establish an LLC and hold my long term properties in it for protection and to take advantage of the tax benefits. I was told by another investor that I could go down to the county and file a Quit Claim to put the condo in my business name once I get the title. Can anyone expand on this or point me to some information on the subject? Thanks in advance!
Susie
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