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Updated almost 10 years ago,
LLC has the down payment but need to finance personaly
Hi BP,
In NC here. When I save up enough cash from my cash flow going into my business account, when it comes time to purchase another buy-and-hold rental I am assuming I can't finance with my LLC but with me personally. Can BP help me understand how to make a DP on a new property that I'm financing personally without mixing business and personal. Does this count? Other options? Ideas? All is welcome and appreciated!
Assuming conventional loan with a bank.
Thanks.