Updated almost 5 years ago on . Most recent reply
Buying under newly formed LLC
I am looking to purchase my first investment property. I started my LLC about 3 months ago and I have not yet started a bank account for the entity. I am looking to make an offer on a property, but I want to make sure that I will be able to purchase it through my LLC and not just my personal name. Do I need to have a business account set up with separate funds in it in order to get a loan for the property? OR can I purchase it in my name and deed it over to my company once it is all said and done? Any insight would be greatly appreciated!