Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Rodrigo Hernandez

Rodrigo Hernandez has started 1 posts and replied 2 times.

Thanks Paul! This is what I am trying to do as well, separate all credit card expenses, collect rent, pay mortgage all through the LLC. I just wasn't sure if it would make taxes more complicated when I need to file. I know the bank doesn't necessarily care where the mortgage payments are coming from, but I am not sure how collecting rent through the LLC bank account will affect my personal finances.

Hi all,

I'm looking for some guidance here as I have a property that's under my name and a multi-partner LLC with friends. We have a business bank account for the LLC and I want to begin collecting rent and paying the mortgage with that bank account to keep my personal finances separately. Are there any tax consequences or restrictions in doing so? Thank you in advance for your help.