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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Adam S.
  • Weehawken, NJ
1
Votes |
6
Posts

LLC vs personal name when closing on property

Adam S.
  • Weehawken, NJ
Posted

Hello all,

When closing on a property with a conventional loan (under your personal name) - which bank account (LLC or personal) do you pay bank fees, title fees, downpayment, etc?

I am just confused b/c conventional loan can only be under personal name and it seems most transfer title to LLC for liability protection after closing. But prior to closing - do all payments need to be from personal account? Or can you use your LLC account?

Thanks!

Adam

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