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Updated almost 3 years ago on . Most recent reply

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55
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14
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Tony Zhang
14
Votes |
55
Posts

Buy a Rental Property Through an LLC using personal money?

Tony Zhang
Posted

When we Buy a Rental Property Through an LLC, do we have to use our LLC business (money) checking account to transfer the fund to buy the property or we can use our personal checking to fund the property?

Most Popular Reply

User Stats

276
Posts
183
Votes
Adrienne Bryson
  • Flipper/Rehabber
  • High Point, NC
183
Votes |
276
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Adrienne Bryson
  • Flipper/Rehabber
  • High Point, NC
Replied

You should read up on the "corporate veil". I suppose you could structure it as though you (your personal money) are funding the deal for your LLC like a lender would. But I don't know if that would still be considered commingling of funds.

It's so easy to move money into a business account, why don't you just pay as the LLC and not even risk it?

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