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Updated almost 11 years ago,

User Stats

7
Posts
0
Votes
Ping G.
  • Real Estate Investor
  • Bellevue, WA
0
Votes |
7
Posts

How to pay interest from LLC business account?

Ping G.
  • Real Estate Investor
  • Bellevue, WA
Posted

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