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Starting Out
HomeForumsStarting OutRunning Income and expenses through an LLC
Joe Stout's profile image
Joe Stout's profile image
Joe Stout
Pro Member
  • Investor
  • from Catonsville, MD
  • Member since Dec 24, 2020
  • Posts 74
  • Votes 36
  • Experience 3 Yrs
  • Investments 6
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74
Posts
36
Votes
Joe Stout's profile image
Joe Stout's profile image
Joe Stout
Pro Member
  • Investor
  • from Catonsville, MD
  • Member since Dec 24, 2020
  • Posts 74
  • Votes 36
  • Experience 3 Yrs
  • Investments 6
Connect
Joe Stout
Pro Member
  • Investor
  • Catonsville, MD
36
Votes |
74
Posts
Starting Out

Running Income and expenses through an LLC

Joe Stout
Pro Member
  • Investor
  • Catonsville, MD
Posted Nov 21 2022, 08:05

Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to lenders when asking for a HELOC, loan, etc since I will not have had 2 years of rental history within my same account. Was just turned away from a HELOC because I dont have two years of rental history for my assets since my first asset I bought was in May 2021.

Thank you and Happy Holidays!

Vivo Jo LLC Logo
Baltimore, Maryland
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