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Updated over 3 years ago,

User Stats

12
Posts
6
Votes
Kent M.
  • Homeowner
  • Orlando, FL
6
Votes |
12
Posts

Pay Loan from Personal or Business account?

Kent M.
  • Homeowner
  • Orlando, FL
Posted

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

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