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Updated about 2 years ago,
Running Income and expenses through an LLC
Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to lenders when asking for a HELOC, loan, etc since I will not have had 2 years of rental history within my same account. Was just turned away from a HELOC because I dont have two years of rental history for my assets since my first asset I bought was in May 2021.
Thank you and Happy Holidays!