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Updated about 1 year ago,

TJ Woolum's profile image
TJ Woolum's profile image
TJ Woolum
  • Investor
  • from Chatham, IL
  • Member since Feb 18, 2019
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User Stats

28
Posts
17
Votes
TJ Woolum's profile image
TJ Woolum's profile image
TJ Woolum
  • Investor
  • from Chatham, IL
  • Member since Feb 18, 2019
Connect
TJ Woolum
  • Investor
  • Chatham, IL
17
Votes |
28
Posts
Personal Finance

Owner Draw - Corporate Veil

TJ Woolum
  • Investor
  • Chatham, IL
Posted

I always hear wealthy investors online talking about how they borrow against their assets to generate tax free wealth. So far I've always just reinvested my real estate earnings back into my LLC. If I do a cash out refinance (titled in my LLC), how do I use the money for personal expenses without risk of piercing the corporate veil?

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