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Updated over 1 year ago,

User Stats

31
Posts
5
Votes
Garrett Pettit
5
Votes |
31
Posts

Pulling money from LLC to invest in primary residence

Garrett Pettit
Posted

I want to work with a partner to pool money into a deal 3.5% down primary residence house hack deal, but they are not comfortable doing gift funds, and co-signing a conventional loan is an option we're considering, but I'm curious what other ways you'd recommend financing this. I'm especially curious if an LLC could be made for us both to pool money with our own autonomy, and then if I'm qualified enough with what I have on hand to get into appealing deals, could I pull money from that LLC to add value to the property and such? I'd appreciate any legal and financial insight on this!flo

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