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Updated over 4 years ago,

User Stats

40
Posts
12
Votes
Nick Coble
  • Rental Property Investor
  • Lamar, MO
12
Votes |
40
Posts

Promissory Note or Ledger Entry Only

Nick Coble
  • Rental Property Investor
  • Lamar, MO
Posted

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.

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