Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Travis Hardy
  • Contractor
  • Glenwood Springs Colorado
0
Votes |
4
Posts

Paying myself from one LLC to another LLC

Travis Hardy
  • Contractor
  • Glenwood Springs Colorado
Posted

I am currently trying take a loan out for 70-80% ARV and I would like to pay myself (separate construction LLC) to do the work. A)Not sure if this is legal

B)Not sure if it is doable. 

I would be willing to take payments on a schedule based off of work completed, the same as I do for large jobs with customers. With just starting out, I do not have alot of capital on hand and thought this would be a good way to keep/save some money since I have been doing construction for 15+ years and it seems silly to pay another company to do the work.

Any help/tips/pointers on this situation would be greatly appreciated!

Loading replies...