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Updated over 5 years ago on . Most recent reply

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Steven Destine
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Buying & Selling Real Estate

Buying under an LLC or Personal

Steven Destine
Posted

I founded an LLC a few months ago because I wanted to turn my investing into a real business instead of a side hobby. My tenants now submit their monthly rent into my business account but lenders are not allowing me to use those funds to purchase more properties. The main issue seems to be because I don't have 2+ years of business tax returns. Does anyone have further insight on this and ways to get around this? Do you just buy properties using funds from a personal account?

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