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Updated over 1 year ago,

User Stats

135
Posts
47
Votes
Alon A.
  • Investor
47
Votes |
135
Posts

Expanses of my LLC

Alon A.
  • Investor
Posted

Hey guys 

I have business here in California that I have most of my money over there sitting in the bank account (this business not related to real estate investment) 

It’s my work and day day job 


I opened LLC in texas , and opened few days ago bank account for that

I transferred from the California account all the down payments and closing to title company. And I wired it to them.

Current I’m in remodel of two properties.  In texas 

I wanted to ask , should I transfer money to my LLC and use all expanses and payments to the contractors & all related to that from there ? reason I'm asking because the lender reimburse me 100% of remodel and the money should go back to account I used for title company.

But if I use my expanses in my LLC should I reimburse it to the LLC or to the account I have in California (the account I did so far all transactions) 


I didn't have yet bank account for my LLC that's why I used it from my California business account.


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