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Updated over 8 years ago,
Funding LLC
Hi,I have a question concerning how I can fund my investment .I plan on purchasing a rental property soon but I'm concerned about tax implications.My plan is to set up an LLC in order to loan that LLC the money to purchase the rental property.After that I plan on rehabing the property and than acquiring an equity mortgage on the property to repay the first loan which i made to my LLC.I have a few banks that are willing to loan to my LLC with my personal guarantee.Are there any tax issues that I should be aware of ?