I can't find the answer to my BRRR problem. Neither my real estate attorney or accountant know what to do: I just successfully did a cash out refi on my primary residence at a great rate. I deposited the proceeds into a new LLC that will use the proceeds to buy the next investment property. However the bank has insisted that this payment secured by my personal house includes the tax and insurance escrow all in one check. So if I pay this PITI out of my new LLC some of the payment will be going towards personal expenses (TI). If I write a check to pay back the LLC, that seems to further muddy the commingling of funds. If I loan funds to the LLC who pays me, then I pay the PITI personally, then the LLC would be paying me a lot of additional taxable income, yet due to the new higher standard deduction, none of that new mortgage payment would be an additional deduction resulting in about $4000 additional taxes. How can I preserve the asset protection from the LLC and not "pierce the veil" and not have a huge additional tax burden? I would appreciate any advice especially from experienced BRRR investors, attorneys or CPAs!
