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All Forum Posts by: Georgeos Partheniou

Georgeos Partheniou has started 1 posts and replied 11 times.

Private Lending & Conventional Mortgage Advice

Post: Llc vs Personal cash out refinance

Georgeos PartheniouPosted
  • Posts 12
  • Votes 3

Hi guys 

New to this forum and have been getting conflicting advise on this matter. 
This is a question on refinancing- 
If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax free as it’s a loan/debt? Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.
Many thanks

2 Votes
Dallas, Texas