In this episode of Coffee with Carl, Attorney Carl Zoellner talks about setting up a revolving line of credit agreement between you and your business.
Sometimes real estate investors need to dip into their own pockets to fund a purchase, a rehab, or to pay bills. When you become your own lender, it’s important to keep the loan at arm’s length with indisputable documentation that the funds are meant to be repaid under certain terms and is not considered an investment or contribution. There’s the private money lending option where you loan a lump sum of cash to your company, but there’s another more flexible option available — a revolving line of credit agreement.
Watch now as Carl covers how to properly set up a revolving line of credit agreement for your business so you remain compliant, shielded from potential plaintiff attorneys, and avoid unnecessary tax implications.
Resources mentioned in this video:
Tax Tuesday with Toby Mathis Free Biweekly Webinar
Tax and Asset Protection Workshop
Platinum Membership Program
If you have any questions, comments, or feedback about this episode, let us know at cwc@andersonadvisors.com.
