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Updated over 4 years ago on . Most recent reply

User Stats

28
Posts
4
Votes
Andrew Menkes
  • Rental Property Investor
  • Goldsboro, NC
4
Votes |
28
Posts

Can my LLC pay for a loan in my personal name?

Andrew Menkes
  • Rental Property Investor
  • Goldsboro, NC
Posted

I purchased my 1st BRRRR over the Summer through a HML. The purchase was done using an LLC I set up. I have rehabbed and rented it out with the rent going to my LLC. I am refinancing the property into my personal name (the rates were so much lower for a conventional loan in my name). Am I allowed to pay the mortgage through my LLC which is collecting the rent?

Most Popular Reply

User Stats

28
Posts
4
Votes
Andrew Menkes
  • Rental Property Investor
  • Goldsboro, NC
4
Votes |
28
Posts
Andrew Menkes
  • Rental Property Investor
  • Goldsboro, NC
Replied

@Stephanie P.

Thank you! I was thinking this. I guess I wanted to hear it from someone else.

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