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Updated almost 5 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Nick Schiltz
  • Investor
  • Worcester Ma
2
Votes |
10
Posts

Promissory note terms advice

Nick Schiltz
  • Investor
  • Worcester Ma
Posted

I lent my LLC the money to help purchase a multifamily property. I have 2 separate accountants telling me opposit things. In your experience which would you choose? One accountant says 0 interest, due on demand and the other says a fair market interest rate 4-5% for 30 year term.

Or perhaps you have a better idea. I am using the promissory note to help keep my personal assets separate from the LLC.

Thanks

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