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Updated about 5 years ago on . Most recent reply

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20
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2
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Kenneth Burke
  • New to Real Estate
2
Votes |
20
Posts

Is it dangerous to mix business-personal finances with LLC ?

Kenneth Burke
  • New to Real Estate
Posted

I recently refinanced the mortgage on my primary residence and combined the loans I took out to purchase my investment properties. I have three single family, long term rentals with separate LLC's and business accounts for each property. I am planning to make the mortgage payments from a combination of the business accounts and my personal account. Now that I am mixing finances, am I negating the protections provided from the LLC and opening my personal assets up to a potential lawsuit ? Does it make any difference if two of the properties and a portion of the third were purchased by taking a HELOC from my primary residence ?

  • Kenneth Burke
  • Loading replies...