Selling my fix-flip property

[Angie Ruiz]

Hello, 

I’m in process of selling my fix-flip property and I wonder what is the best way to receive the sale proceeds. I used personal and business credit cards for part of the materials. Does it make a difference if I pay for those credit cards at closing or after the sale?

 Any advice will be appreciated,

Thank you,

Angie 

[Michael Gessner]

@Angie Ruiz pay them now pay the later doesn't mater, use your business account to pay the personal cards so you can claim it as a write off on the business. I would image you have a llc for the property with a a checking account under an llc, if so use that account to pay and receive the proceeds, atleast that's how I do it