Heloc for LLC---Read to see who is doing it!!

[Sergio B.]

I already have my 1st investment property under an LLC owned by me and my wife, the property was purchased cash a few months ago. Is fully rehabbed and rented now with a nice cash flow.

My bank (BBT) initially told us months ago they'll be able to give us an HELOC for an LLC, however once we went this week to actually do it, now they say they only can do it under our personal property , they wont do one for an investment property under an LLC.

Bummer...after asking a few banks with no luck.....more negative karma...then I went today to Wells Fargo ( thanks BP for the tip!!) and spoke with a Business Banking Specialist , and they say YES we do it.....bring your business here! It will have to have a personal guarantee , but we do it!!! so if you need one reach out to Wells Fargo ( no, I am not a robot writing and ad for them) .

Will be bringing ALL the paperwork needed ( just my two last income taxes) at the end of this week to apply for the loan. Doesn't get any easier...tune in , I will be updating soon