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Forums » General Real Estate Investing » Question about paying off property.

Question about paying off property. Subscribe to Question about paying off property.

2 posts by 2 users

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Hamp Gaston


Forum_avatar_avatar-reid05

Icon_minipost Jun 29 '09, 12:57 AM

Group, quick question. I am getting ready to payoff a property. It is in my name but I quit claimed it (as soon as I bought it) to my LLC. Would it be considered co-mingling of funds to use funds from my personal savings to pay off? Should I go ahead and transfer or "loan" this to my LLC checking acct then payoff? Reason for paying off with personal savings would be for convenience purposes.

Updated: 05:27AM, 06/29/2009

Would this be considered "co-mingling of funds"?

Edited: 06/26/2010 at 08:47AM by Hamp Gaston


Jon Klaus

Real Estate Investor · Dallas, Texas


Forum_avatar_avatar-jonk
DonorPro Basic

Icon_minipost Jun 29 '09, 01:27 AM

Seems pretty simple to create a note and loan the $$ to the LLC. Create a paper trail that makes sense.

Edited: 06/26/2010 at 08:47AM


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