Getting equity

[Tim Geraghty]

Last summer i purchased my first rental house.  It needed a complete renovation. now there is a tenant in the house.  I now have 80K in equity in the house that i would like to get my hands on. So here is the question I bought the house under my corperation i started for this venture. when looking for a loan, the brokers and banks told me that i need a commercial loan because of the corp. The commercial loan has a higher interest and is a harder process. I was also advised to do a quick claim deed and then get a regular mortgage. Once the deal is done deed it back to the corp.  I spoke to my lawyer and he strongly advised me not to do a quick claim deed. He said it will devolve the corporation and leave me liable in the event of a loss. How do I proceed?