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Updated over 2 years ago,

User Stats

22
Posts
5
Votes
Paul Brady
  • Chelmsford, Ma
5
Votes |
22
Posts

New LLC seeking business LOC on privately owned property

Paul Brady
  • Chelmsford, Ma
Posted

I have 2 investment properties that both make money and have equity but lenders still see my dti as too high to get another mortgage or a heloc. I'd like to buy another investment property but need more capital for the 20-25% down payment. My question is if I were to start an LLC could I take out a secured business line of credit on my 2 family that is in my name? Then use that money to purchase an investment property through the LLC?

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