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Updated over 4 years ago on . Most recent reply

User Stats

180
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66
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Garrett M.
  • Rental Property Investor
  • Philadelphia, PA
66
Votes |
180
Posts

Using off book funds to close home purchase??

Garrett M.
  • Rental Property Investor
  • Philadelphia, PA
Posted

I am closing soon on an investment property using conventional financing and 25% down.

My question is:

Is it ok if, at closing, I wire funds from another of my personal checking accounts that was not reviewed as part of my current underwriting?

The money would be coming from a separate personal account which would contain recently transferred rental income ( Meaning NOT seasoned for 2 months) from my pass through LLC business account.

This would keep my “Seasoned” money in my account for the next purchase which I aim to start in the next few weeks. Anyone done this before? Any advice against it?

Thanks in advance!!

  • Garrett M.
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