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Updated over 2 years ago on .

User Stats

53
Posts
8
Votes
Sam Tright
8
Votes |
53
Posts

Buy from one LLC, pay EMD and other deposits/costs from another?

Sam Tright
Posted

My hard money lender made me create an LLC in a new state to satisfy their jurisdictional requirements. I thought about opening a new bank account for this new LLC.

Then I thought, it might be simpler for my original/main LLC to handle payments while the new LLC takes title. Less bank accounts and complexity to worry about especially if more LLCs are needed in other states in the future.

Will this cause any issues during purchase or sale though?