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Post Info TOPIC: Collapse Details Accepting payment for personal realestate under business account?


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Collapse Details Accepting payment for personal realestate under business account?
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I started my LLC not knowing much in the way of getting a mortgage for my first investment property. It's been a few months and I talked with a mortgage lender and they explained how they cannot assign a mortgage to a business and that my rates would be better if I did a personal mortgage. I would have to go through a commercial lender to borrow under my LLCs name. So my question is, if I buy an investment property under my name can I accept rental payments under my LLC and then have the LLC pay me the amount of my mortgage payment. My LLCs account would then hold the security deposits and net income so everything stays separate from personal income and expenses. I would like to get cash flow in the LLC so that it will be easier to borrow under in the future.

 

Please Help.

Thanks !

I didn't find the right solution from the internet.

References:

-https://www.smallbusinessforums.org/showthread.php?13025-Accepting-payment-for-personal-realestate-under-business-account

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