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Updated over 5 years ago on . Most recent reply

User Stats

292
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364
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Harrison Chow
  • Real Estate Agent
  • Columbus, OH
364
Votes |
292
Posts

Buying with LLC's cash but deed it under personal name

Harrison Chow
  • Real Estate Agent
  • Columbus, OH
Posted

Hi guys, 

Newbie here.. Here is the situation: I am trying to purchase a house with a conventional loan - 25% down, 30 yr fixed that I will put under my personal name. However, I will be using the cash from my business checking account. So question is can I do that? How would that affect my LLC standing and what are the tax implications on this?

Thanks in advance!!

Harrison

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