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Updated almost 7 years ago on . Most recent reply

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2
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0
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Chris Angel
  • Chino, CA
0
Votes |
2
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Using A Business Entity To Purchase Real Estate (Tax, Contracts)

Chris Angel
  • Chino, CA
Posted

I want to use a portion of my LLC profits to purchase real estate. What is the best or only way to do this?

Thank you,

CAF

Most Popular Reply

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31
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15
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Jeff Smith
  • Investor
  • Spring, TX
15
Votes |
31
Posts
Jeff Smith
  • Investor
  • Spring, TX
Replied

Hello Chris. I'm not an attorney or CPA, but I recommend you seek out an attorney in your area to draft a purchase agreement if you wanted to keep the property under the name of the LLC. You can also speak to a CPA if you need to transfer funds from the LLC to your name.

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