Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

54
Posts
11
Votes
Moshe Eisenberg
  • Investor
  • Spring Valley, NY
11
Votes |
54
Posts

How to cash out on a 3 unit owned by LLC

Moshe Eisenberg
  • Investor
  • Spring Valley, NY
Posted
Hi guys, I own a 3 unit under my LLC free and clear. I would like to use the equity to buy another property. What would you recommend as my best option? 1- Can I take out like a HELOC on an investment property? 2- Someone mentioned to me that you can't get a mortgage on a property owned by an LLC, and it needs to be owned under a personal name for 6 months before getting a mortgage. What's that all about? Any advice on this would be greatly appreciated. P.s. Please tag my name in your response. For some reason I only get notifications when a reply has my name mentioned in it. Thanks!

Loading replies...