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Updated almost 8 years ago on . Most recent reply

User Stats

53
Posts
16
Votes
John K.
  • Rental Property Investor
  • Chino, CA
16
Votes |
53
Posts

How to take money out of an LLC

John K.
  • Rental Property Investor
  • Chino, CA
Posted

I most likely will be moving a property into an LLC. Most likely the lender will notice the deed change and call the loan. This means I will have to pay it off. I can do that. But I don't want to have that much equity tied up in that one property. What's the best way to get that money back out? Looking to understand the tax and liability consequences.

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