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Updated almost 4 years ago,

User Stats

10
Posts
3
Votes
Tyler Stephenson
  • Rental Property Investor
  • Florence, SC
3
Votes |
10
Posts

Transfer funds to business account or leave in savings

Tyler Stephenson
  • Rental Property Investor
  • Florence, SC
Posted

I am in due diligence period on my first investment property.  My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account?  Or just leave it in my personal savings and transfer from it when the time comes.

My concern is that the mortgage company may not like such a large transfer before closing.  Is this a valid concern or just transfer it and treat it like a business.

Thank you in advance.

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