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Updated over 3 years ago on .

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4
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1
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Using LLC money for personal mortgage

Christopher Lamp
Posted

Hey all, 

Very new here and I apologize for asking newbie questions. Say my partner and I have an LLC with investment funds in the account. Is it possible to get a loan under one of our names to purchase a home but use the funds from the LLC as a down payment and for Rehab costs? Is there anything legally like that we are not allowed to do?