Personal HELOC for LLC rental - change to LLC?

[Eric Nelson]

Hello, I've found a triplex in Bemidji that's going to work out for mw, but I don't know how the taxes and payments work when using a personal heloc for down payment on an LLC property.

Is there a way to transfer the heloc to the old to streamline the taxes?

If not, do I just take distributions every month to pay that?  Do I pay income tax on that number?

Is there anything I'm missing here, too?

Thanks for your help!

- Eric Nelson