Loan in my LLC (by sam [TX]) Oct 11, 2020 6:25 PM
Loan in my LLC (by S i d [MO]) Oct 12, 2020 9:00 AM
Loan in my LLC (by plenty [MO]) Oct 12, 2020 9:33 AM
Loan in my LLC (by sam [TX]) Oct 12, 2020 11:14 AM
Loan in my LLC (by MJ [PA]) Oct 12, 2020 1:50 PM
Loan in my LLC (by sam [TX]) Oct 12, 2020 4:19 PM
Loan in my LLC (by Ray-N-Pa [PA]) Oct 14, 2020 10:10 PM
Loan in my LLC (by sam [TX]) Posted on: Oct 11, 2020 6:25 PM Message:
I am thinking of getting a signature loan from funds in my LLC and using those funds the a down payment and closing cost on my next property. My reason is to pay my business back instead with the funds instead of just using those funds for down payment and closing cost. If anyone has done this before I would appreciate any thoughts or advice. Thanks --72.176.xxx.xxx |
Loan in my LLC (by S i d [MO]) Posted on: Oct 12, 2020 9:00 AM Message:
What's your goal with this strategy? To me it sounds like an overly elaborate scheme moving money around to achieve the same result.
Tell me specifically how it saves you money or makes you money, or how it positions you to do something better down the road. --107.216.xxx.xxx |
Loan in my LLC (by plenty [MO]) Posted on: Oct 12, 2020 9:33 AM Message:
Well get to the bank and get started. Wouldn't one have to be an arms length away or does the LLc work in that manner? --137.119.xxx.xxx |
Loan in my LLC (by sam [TX]) Posted on: Oct 12, 2020 11:14 AM Message:
The purpose of the loan is to pay myself back instead of just using the funds for the down payment and longer having those funds. I would be paying myself back with the loan payments. This is not a scheme Sid it is a way to leverage all my funds. --72.176.xxx.xxx |
Loan in my LLC (by MJ [PA]) Posted on: Oct 12, 2020 1:50 PM Message:
Banks do not do signature loans in the name of LLCs. It will be your personal loan with your guarantee only. --76.125.xxx.xxx |
Loan in my LLC (by sam [TX]) Posted on: Oct 12, 2020 4:19 PM Message:
Thank you --172.58.xx.xxx |
Loan in my LLC (by Ray-N-Pa [PA]) Posted on: Oct 14, 2020 10:10 PM Message:
Why not take out the loan against the real estate that the LLC owns instead --24.101.xxx.xx |
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