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Updated over 6 years ago on . Most recent reply

AJ Aispuro's profile image
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AJ Aispuro
  • Member since Nov 19, 2018
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AJ Aispuro's profile image
AJ Aispuro's profile image
AJ Aispuro
  • Member since Nov 19, 2018
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AJ Aispuro
2
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14
Posts
Private Lending & Conventional Mortgage Advice

Received a Gift Loan From a Friend

AJ Aispuro
Posted

My friend provided me a 200k loan to deposit into my newly created LLC. What are the requirements and or laws that I need to abide by when depositing money like this into my LLC account?

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Scott D Burrows's profile image
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Scott D Burrows
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Apr 7, 2018
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Scott D Burrows's profile image
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Scott D Burrows
  • Rental Property Investor
  • from Indianapolis, IN
  • Member since Apr 7, 2018
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Scott D Burrows
  • Rental Property Investor
  • Indianapolis, IN
113
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128
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Scott D Burrows
  • Rental Property Investor
  • Indianapolis, IN
Replied

@AJ Aispuro

I don't have a clue about this type of situation or the laws surrounding it. Guessing that the guys for this question are either @Chris Mason or @Andrew Postell or @Jay Hinrichs .

Good luck and congrats on the loan! Hope you are able to multiply it over and over again!

Let me know if you need anything else and will be happy to help! 

-Scott

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