The our business account is at its lowest ever.

Originally posted by Account Closed:How did you get the person's email address?

Only one bank account needed, but you'd have to track income & expenses to do transfer and year-end accounting.As @Nathan Gesner mentioned, not really worth it.You two could also open a joint bank account for collecting rent and pay expenses, just be sure to track everything.Do NOT do what @Paul De Luca stated about transferring title!

Many times, if you wish to hold the title in the name of an LLC, you may end up with less favorable terms or even find that it's not allowed.If you do find a loan program that permits taking the title in an LLC, it's essential to consult with your attorney and accountant to understand how to proceed.

The last time I spoke with the lender, they advised they have closed the account and will only accept a settlement offer.

IRA becomes the 100% owner of an LLC, or potentially multi-member LLC with multiple money sources, and the account owner of the IRA is the manager of the IRA owned LLC.

If you have any accounting questions, please feel free to reach out.

But at the end of the day there is active income to account for.

We are disciplined capital allocators, excellent communicators and highly accountable.

There is only a small fee to accept the offer and make the deposit into a checking account.