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Updated over 4 years ago,
Can a LLC borrow from a HELOC and pay back the interest as a loan
Thinking about some ways to do creative finances on buying property with no money down.
If someone got a HELOC on their personal property and used the funds to buy a rental property in turn the income from the rental could pay back the line of credit I think up to this point it is 100% possible.
The next question though is can you write off the interest portion as a loan to your LLC as an expense.
Thanks for any comments and or suggestions on this matter