Question Regarding LLC And Heloc
Hi all, What I want to know is this. I am stting up my LLC to manage my properties and do my rehabs with. The money that I will be using to finance the repairs of the rehabs will be coming out of a HELOC that I have in my personal name not in the name of my LLC. IS it going to be a problem come tax time to use the money this way? I guess maybe I am a little confused about the co-mingling of funds and want to know if this would be considered comingling and such. Thanks
Joe
[addsig]
Comments(0)