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Updated about 13 years ago,
SDIRA Rental Property Security Deposits
I have an SDIRA LLC with a business checking account and am about to purchase a rental property.
Do I keep the Security Deposits in the SDIRA checking account or do they need to be kept separately?
I'm considering marketing it as a lease/purchase. If I do that instead of leasing it, what about the $$ that would go toward the renters down payment? Would that be held in my SDIRA LLC checking account or do I put that and the downpayment in another account (i.e. escrow account)?