All Forum Posts by: Jay Richards

thanks for all the replys.  I have everything in line with the bank accounts and credit cards going forward, I'm just trying to figure out how to cover myself for what has been done.  I always have the option of eating the expenses from the last 6 months, however they are sizable and I would like to avoid that if possible.

Thanks,

I have recently begun my journey into investment real estate. Two houses held under seperate LLCs. I am concerned about how I can expense things that were purchased on a personal credit card (building material and hvac work) without putting myself at risk of nullifying my entity later on if I was ever sued. Looking for advice here. Is it possible to fill out an expense report and bill it to the business after the fact? Paying myself back from company funds?

Any advice would be greatly appreciated.

I have recently begun my journey into investment real estate.  Two houses held under seperate LLCs.  I am concerned about how I can expense things that were purchased on a personal credit card (building material and hvac work) without putting myself at risk of nullifying my entity later on if I was ever sued.  Looking for advice here.  Is it possible to fill out an expense report and bill it to the business after the fact, paying myself back from company funds?

Any advice?