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Updated over 2 years ago on . Most recent reply
First commercial RE loan
Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give back, without that X amount getting taxed? If so, is there a maximum amount that can be transferred? Thanks in advance!
Most Popular Reply
Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Chris Pa yeah, he can give you a loan for 0%...there's not law against something like that...but what benefit would this provide to you?