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All Forum Posts by: Nick White

Nick White has started 1 posts and replied 11 times.

Post: Ask me (a CPA) anything about taxes relating to real estate

Nick WhitePosted
  • Investor
  • Tulsa, OK
  • Posts 12
  • Votes 22

Hello @Nicholas Aiola! Many thanks for being open to questions. I have a question regarding HELOC and PLOC debt pay back in Oklahoma.

We are looking at a subject property of interest and running the numbers. The funds are available via HELOC and PLOC. The question I have is how to pay the monthly balance of the Lines of Credit?

Can we use funds available out of our business operating account to pay on personal accounts (My first thoughts... No). If no, How do the lines of credit get paid on until Cash-Out Refi?

Thanks again!