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 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Goals, Business Plans & Entities
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

Updated about 5 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Reese W.
0
Votes |
6
Posts

Pay mortgage with personal checking account or LLC's account?

Reese W.
Posted

I have all my investment mortgages on auto pay with my personal checking account which I like because I have plenty of buffer and don't have to worry about shortages from vacancy loss etc. However I just purchased my first LLC which is attached to a group home I bought under my personal name and am wondering if I should pay the mortgage (conventional residential loan under my personal name) through the LLC's business checking account or I can just keep it on auto pay with my personal checking account. Also, any tax implications? Since my LLC is a single member pass through I imagine it doesn't matter.

Regarding LLC liability protection, that is not a factor because due to the nature of the business it's impossible to keep my name completely hidden, and I have umbrella insurance.

Loading replies...