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Updated almost 7 years ago, 03/28/2018
Loaning money to my LLC?
I purchased my first rental property and assigned it to my new LLC. The LLC is a single proprietor entity. The property needs a few repairs and money set aside for the current tenants' safety deposits. Is it appropriate for me to "loan" the LLC some cash for these things that can be paid back from the rental income? Any tricks to this process I should consider?