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Updated over 10 years ago on .

Tammy Wise's profile image
Tammy Wise's profile image
Tammy Wise
  • from Oakley, California
  • Member since Aug 22, 2014
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38
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Tammy Wise's profile image
Tammy Wise's profile image
Tammy Wise
  • from Oakley, California
  • Member since Aug 22, 2014
Connect
Tammy Wise
  • Oakley, CA
11
Votes |
38
Posts
Creative Real Estate Financing

Heloc on house in Family Trust?

Tammy Wise
  • Oakley, CA
Posted
Hey there! I recently renovated a house (where I am trustee) that is free and clear here in CA. We plan to rent it out soon. Is it realistic to think that I can get a heloc on it to purchase a rental and put in the trust? Would I have to wait a certain amount of time to prove positive income on this house's cash flow? Thanks for advice in advance!
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