Can a LLC borrow from a HELOC and pay back the interest as a loan

[Gary David]

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

[Kyle J.]

If you get a HELOC (or any loan) on your personal residence and use it to buy a rental property, the interest will be a tax-deductible expense against the rental property that you bought. You don't even need a LLC or to get creative to do it. It's completely allowed.