Legal Question in Real Estate Law in Nevada

Re: Investment Purchase

An LLC certainly can purchase and own real estate, but the bigger problem usually is qualifying for financing of the purchase. Lenders will not typically lend money to an uncapitalized entity, meaning unless it has liquid assets and a track record of income production, the LLC cannot qualify to borrow the money. Instead, some individual(s) must qualify and obtain the financing on the property, which can then be deeded to the LLC. Be careful, though, as the "due on sale" clause can be invoked by the transfer of the property to the company, and the lender could then call the loan immediately due.

You would be well served to retain an attorney who is familiar with real estate and financing before diving into this kind of investment through your LLC.