Question
One company assuming a loan from another company...
I recently purchased a new home and I'm using my previous home as a rental. The loan is still in my personal company but I have set up an LLC for my rental property. Is there a way for my new LLC company in Quickbooks to essentially assume the loan and escrow account on the rental property from my personal company? I know I can't just delete the debt/loan but I'm hoping there is some way to transfer it to my other company.