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Updated over 9 years ago on . Most recent reply presented by

User Stats

51
Posts
4
Votes
Mike Miller
  • Oakland, CA
4
Votes |
51
Posts

Proof of Fund through an LLC?

Mike Miller
  • Oakland, CA
Posted

A buyer wants proof of funds on a cash deal, this is an off market deal. I would like to stay anonymous beyond my first name with him. I was planning to buy the house under an LLC anyways and have never setup an LLC before. But my main question was the proof of funds.

-Can I open up a bank account under the name of the LLC and deposit the funds into that? And then provide the seller a bank statement from that account?

-Would the bank account need to be opened BEFORE the creation of the LLC, in order to include the bank account number into the LLC? Or doesnt matter the order?

Thanks

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