Pay Loan from Personal or Business account?

[Kent M.]

Hello!

I'm already a few years into a single family home house hack where I rent out some rooms. As I listen to pod casts and do more research I realized I need a separate account to keep things happy with Uncle Sam. It got me thinking, I don't make enough income from renting out the rooms to cover the cost of the mortgage so my question is, which account should I pay the mortgage from? Is it better for me to funnel money into the business account and pay the mortgage from there? Or move the rent money to my account and pay the mortgage from my personal account?

Much thanks!

Kento

[Jason Wray]

Always pay the mortgage through the business checking account. Majority of banks and lenders exclude the mortgage payment form the personal DTI when refinancing or buying another home. They require 12 months cancelled checks or 12 months bank statements. Try not to pay using money orders or other hard to prove receipt methods.