Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
Pay Loan from Personal or Business account?
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