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Updated over 2 years ago,
My Property is in an LLC
Hello,
I own a house in Long Island NY that I paid off in full last year. I want to put the house in an LLC to keep it separate from me but I'm worried since the LLC is brand new I won't be able to pull money out ...? I want to pull enough for 1 or maybe 2 properties but now sure if I can use my personal credit to do so?
Also, would it matter if the LLC is in a trust?
If you are a lender and have experience feel free to reach out to me. Thank you!