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Updated almost 9 years ago,

User Stats

100
Posts
22
Votes
Billy Au-Yeung
Pro Member
  • Lender, RE Broker
  • Renton, WA
22
Votes |
100
Posts

Finance under individual name but work is done under S Corp

Billy Au-Yeung
Pro Member
  • Lender, RE Broker
  • Renton, WA
Posted

I have a S Corp setup to manage my real estate brokerage revenues and I intend to use this entity to track my flip business as well.  However, I am told several times that lender will not finance if I use the entity name to purchase property for flipping.  If I use my name to finance the purchase of the property, am I still able to report the acquisition, renovation, interest and other misc holding cost under the S Corp?  Thank you.

  • Billy Au-Yeung
  • Loading replies...