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Updated over 6 years ago,
HOw Do I get my properties into my S-corp
Hey Guys, I'm trying to figure out what I need to do or who I need to talk to help me get property under my S-corp?
I am currently house-hacking 1 duplex currently & looking to buy a 2nd before the end of the year. The one I currently own was an FHA loan that I closed in January & I didn't have an LLC or anything established at the time but I created an S-Corp last month to begin to protect myself.
Looking to buy a 2nd duplex sooner but I'm unsure if I can buy it in my Business name yet or if I have to buy it under my own name for the banks purposes.
I have the S-corp established with a bank acct & a credit line that I would use to help with any expenses if necessary but I don't know if I can pay for anything thru the business if it not owned by the business. I'm new to how this works only been a landlord since end of January. If anyone can provide some guidance would be much appreciated. Thank you