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Equity line of Credit on a Paid off Investment Property
So I am about to finish paying off an investment property and I am trying to figure out how to have the title recorded. I would like the option down the road in taking out an equity line of credit on the property. I was told by one lawyer to transfer all of my properties into a living trust and I currently have this property as an llc. Any advice would be appreciated. I have checked with my attorney but he is uncertain concerning when I want to get an equity line of credit on it....what might be best to hold it in.