Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

54
Posts
55
Votes
Sharon Steenbergen
55
Votes |
54
Posts

How to not "Commingle" funds

Posted

Hi, I'm trying my BEST here to do my own accounting for the most part.

Currently I have an S -corp established for my fix and flips and an LLC for my long term holds.

Most of my business funds are in my S - Corp bank account. 

STORY:

Just purchased a new rental (in my personal name) its pending a quick claim deed to the LLC. Anyway long story short - the rehab cost for the home were charged on my personal card. How do I properly pay off my personal card with the Funds in my S - Corp account without raising red flags. Or can OI not use those funds because I haven't put it in the business name?

Loading replies...