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Updated over 2 years ago on . Most recent reply

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Private Lending & Conventional Mortgage Advice

First commercial RE loan

Chris Pa
Posted

Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give back, without that X amount getting taxed? If so, is there a maximum amount that can be transferred? Thanks in advance!

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Andrew Postell
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Chris Pa yeah, he can give you a loan for 0%...there's not law against something like that...but what benefit would this provide to you?

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