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Updated over 4 years ago,

Jennifer Rysdam's profile image
Jennifer Rysdam's profile image
Jennifer Rysdam
  • Rental Property Investor
  • from Cleveland, MN
  • Member since Mar 3, 2017
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User Stats

518
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354
Votes
Jennifer Rysdam's profile image
Jennifer Rysdam's profile image
Jennifer Rysdam
  • Rental Property Investor
  • from Cleveland, MN
  • Member since Mar 3, 2017
Connect
Jennifer Rysdam
  • Rental Property Investor
  • Cleveland, MN
354
Votes |
518
Posts
Buying & Selling Real Estate

Who pays the HELOC payment?? #1 or #2??

Jennifer Rysdam
  • Rental Property Investor
  • Cleveland, MN
Posted

When you take out a HELOC on property #1 to purchase property #2, which do you have pay the payment? I was thinking of making it like a loan to from #1 to #2 and making #2 pay it back to #1 to cover the monthly HELOC payment. They are both LLC's that will trickle down to my taxes, but I just want other people's experiences. Thanks!

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