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Updated about 4 years ago,

User Stats

8
Posts
2
Votes
Daniel Sweet
  • Charlotte, NC
2
Votes |
8
Posts

Buying under newly formed LLC

Daniel Sweet
  • Charlotte, NC
Posted

I am looking to purchase my first investment property. I started my LLC about 3 months ago and I have not yet started a bank account for the entity. I am looking to make an offer on a property, but I want to make sure that I will be able to purchase it through my LLC and not just my personal name. Do I need to have a business account set up with separate funds in it in order to get a loan for the property? OR can I purchase it in my name and deed it over to my company once it is all said and done? Any insight would be greatly appreciated!

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