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Updated over 14 years ago on . Most recent reply
Opinions please
I am am a relativelt new investor. I have 3 properties, I recently refinanced a property into my LLC. I currently have the other two titled in my name personally. My intentions are to eventually move my other properties to the LLC, however they are financed and I have not yet decided how to go about getting it done, my question is, right now I have my personal checking account, my rental checking acct, and now my LLC checking acct, I would like to dump the rental checking acct and just run everything through the LLC checking acct. what do you all think?
Most Popular Reply

If you pay for your non-LLC properties out of your LLC, you would be vulnerable in a future lawsuit. Comingling funds like this could result in the limited liability veil being pierced.