15d (edited) • General discussion
Rental property through LLC or personal
I opened an LLC. My mom and I are gearing up to purchase a rental property utilizing a DSCR loan. My question is I haven’t set up my business bank accounts ETC.
Is it even worth it to put a first property into the LLC?
Can my mom just be a PML or should I add her as a member?
Do I need to transfer my down payment & closing costs funds into my business bank accounts or can I pay them directly from my personal accounts as an LLC member contribution? Is that considered mixing “personal funds” with “buisness activity “
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Rental property through LLC or personal
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