Personal Finance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Promissory Note or Ledger Entry Only
Startup question...
I'm closing on my first property purchased as intent for rental investment next week, and have an offer out on another.
Whenever you move money from personal assets to business assets, do you write yourself a promissory note from the business, or just ledger it in as a loan?
I'm not looking for tax or legal advise, just action opinions.