Under what legal entity should you purchase a property? With the name of a registered company or personally?

Your future taxes and responsibilities may be affected depending on whether you purchase your new property as a company or buy it personally. An accountant or lawyer can help you select the best option. It's common to see the corporate structure of a Limited Liability Company (LLC) being used the most, at least in the United States, because:

1. It protects the owner from potential property-related lawsuits.
2. It allows for the deduction of expenses generated by the property.
3. It enables owners to avoid double taxation.

Now, is it appropriate to open an LLC for each property?

If multiple properties are purchased under a single LLC, one property's issues could expose the others. While creating an LLC is not particularly difficult, it's preferable for qualified personnel to handle it as it's not an activity authorized for real estate agents to perform.

Gustavo Torres

Welcome to my website! I’m Gustavo Torres, a broker at Remax Baja Realty. With roots in the Rosarito Beach Hotel since the 1920s, we launched Remax Baja Realty in 2004 to provide secure investment opportunities in Baja’s thriving real estate market. Whether you're from Mexico or the US, we’re here to guide you. As one of the largest real estate companies in Baja California, we owe our success to our loyal clients and friends. Helping you invest in real estate isn’t just my job—it’s my passion!