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Updated over 1 year ago,
Best way to hold cash out refi funds prior to next acquisition
I am completing a cash out refinance on a rental.
The rental was previously titled in the name of my LLC, but I moved it back into my name for the refi. I have a bank account in the company name where I've managed all of this property's expenses.
Should I put the funds from the refinance into the existing company account, a new account in the company name, or one of my personal accounts? It seems like I'm going to have to finance the next purchase in my name, because it's an STR and I plan on using a vacation home loan.
Thank you for your help!