My small business owns a condo unit in MA that we occupy. An opportunity has come up to purchase a second unit, and I am debating the best way to go about it.
I do not have the cash to buy it outright, and I believe an LLC or other corporation would need 2 years in existence to qualify for a loan. So, what are my options outside of purchasing the property under my current business? It is tenant occupied, so it would just be an investment vs. additional space for my company and will have nothing to do with our normal course of business. To that end, I do have concerns about not having another entity to provide protection.
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source https://www.reddit.com/r/RealEstate/comments/ikam4u/purchasing_a_commercial_condo_unit/
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