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Updated 6 months ago,

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Building investment prop, what account should I make draws from?

Patrick Padovano
Posted

I’m building my first rental property on a piece of raw land I recently bought under my name. I plan to eventually transfer it into an llc I created once it is rented, and refinanced. Would it still make sense to open a business account through my llc to make the draws for the build, or does it really matter. I may also need to take out a small loan/line of credit to complete the house, depending on how far my money stretches. Any advice or information is much appreciated! Thanks 

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