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Updated over 4 years ago,
Buying a multifamily with cash from an LLC
Hi BP,
My partner and I started a service business as a way to generate cash for our first multifamily. We are hoping to house hack next September in the greater Boston area and are trying to figure out which financing route we should take. Properties would be anywhere between $550k-$700K for a 2 unit. Next summer we can roughly expect to have $50k cash in our LLC account, and $10K-$20K cash saved up in each of our personal savings.
Any thoughts on how we could put the LLC cash and our personal cash towards the property in the most taxed advantaged way possible?
Thanks,
John