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Updated almost 11 years ago,
How to pay interest from LLC business account?
Please bear with me for my newbie questions. If I start a LLC and move my rental property there which has HELOC applied under personal name, how can I pay the HELOC interest from the LLC? Or the bank wouldn't allow me to do that?
If I also use other properties' HELOC to buy the rental property, can I pay my other properties' HELOC from the company accounts? If so, how to proceed?
Thanks in advance for any advice.
Helen