Questions on using a LLC to purchase homes.

[Bryan Pham]

Hi BP,

I am curious, I just recently created a new LLC and never used a LLC to purchase a home before. Before I can use this LLC to buy a house, should I open up a bank account for it first? Let's say that I planned to use hard money to purchase a house, could I purchase the home with my LLC, wire the EMD money in through my personal account and have the hard money wire in the rest of the funds into escrow?

[Wayne Brooks]

How is your llc going to do business without a checking account?

Why would you form an llc, supposedly for liability protection, then commingle funds by personally paying the llc bills, immediately killing any protection you thought you had?