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DON'T BUY A PROPERTY IN TBILISI GEORGIA ON YOUR LLC OR NAME UNTIL YOU KNOW THIS! 

Tbilisi Real Estate Investor - Sanani
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In this video, I will go over the two different ways you can go about purchasing a rental property, whether you should keep the property under your personal name or under an LLC company. It's very important you are able to distinguish which option is best for you when different situations arise. By the end of this video you will be able to decide for yourself whether it's better to purchase a property only our own name or on an LLC.
Pros & Cons: Should You Buy Property On Your Name Or LLC? What You Should Do & What You MUST Avoid!
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25 июл 2024

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Комментарии : 11   
@Dil.Careem
@Dil.Careem 2 года назад
Great video, thank you 😊
@SananSanani
@SananSanani Год назад
You’re welcome!
@Asal_Punjab
@Asal_Punjab 3 года назад
Awesome ❤️❤️❤️❤️
@SananSanani
@SananSanani 3 года назад
Thanks 🤗
@sbadrawi2011a
@sbadrawi2011a 3 года назад
I know that in Georgia it is legally allowed that 2 persons who are not related(friends) can purchase a property. How about from a tax point of view especially if the property will be rented out! Can you still pay 5% tax on the rent or you would be forced to pay corporate tax of about 20% on the rent! Or maybe it depends on how many properties you own and rent out with your friend! Is an LLC a necessity in this case!
@SananSanani
@SananSanani 3 года назад
Good question! That’s correct. 2 people can own a property under their personal names without an LLC. If the property is residential it remains 5%. However, if it’s an office / commercial property it’s 20%. If you have any more questions let me know
@sbadrawi2011a
@sbadrawi2011a 3 года назад
@@SananSanani Thanks for the reply! Is there a limit on how many properties a group of 2 can own and still pay 5%! With my friend we plan to start with a couple of properties and with time if things go well expand further! I am thinking to start as individuals and if needed down the road start an LLC! What would you recommend! Start an LLC right away or take it slowly!
@SananSanani
@SananSanani 3 года назад
@@sbadrawi2011a No there is no limit. Two individuals can own as many properties as they want while only paying 5% income tax per year. Regarding the LLC, I only recommend taking an LLC if you are taking a loan + buying a property from another JSC/LLC and some other points. We can discuss further when you are here.
@sbadrawi2011a
@sbadrawi2011a 3 года назад
@@SananSanani @Sanan Sanani - Real Estate Investing Thanks a lot for the reply! There is no plan to take a loan as we plan to buy from a developer and pay off the flat with "interest free" installments. I think the developers use LLC to conduct business. We also would like to flip flats in Tbilisi, unfortunately we cannot be there all the time and I am not sure if it is a thing which could be done from a distance!
@ELITETRADEr294
@ELITETRADEr294 Месяц назад
If you buy it through LLC , can you live in the property yourself, or do you need to only rent it ,????
@SananSanani
@SananSanani Месяц назад
Yes you can :)
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