BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago,
How to Pull fund out from LLC after Refinance
Hi,
I have accumulated several single family houses in Indianapolis and was thinking about refinance and move them from my name to LLC. Assuming I was about the do a cash-out refinance using a portfolio loan, the fund will go into the business bank account of the LLC. My question is, If I move the money from the business account to my personal account ( so that I can buy/finance with my name again), would that introduce complication when filing tax return?
What's the best way to move money and buy again? Thank you!