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Updated almost 5 years ago on . Most recent reply

Ahmad Nassar's profile image
Ahmad Nassar's profile image
Ahmad Nassar
  • Member since Mar 18, 2019
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26
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79
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Ahmad Nassar's profile image
Ahmad Nassar's profile image
Ahmad Nassar
  • Member since Mar 18, 2019
Connect
Ahmad Nassar
79
Votes |
26
Posts
Creative Real Estate Financing

Transfer property with HELOC into an LLC?

Ahmad Nassar
Posted

I have a SFH currently paid off. I am in the process of getting a HELOC on in. Will I be able to transfer the property into an LLC with an open HELOC? Or will banks not allow this? Will the bank even know if I transfer the property after I obtain the HELOC? I'm not really sure what transferring to an LLC entails in terms of the HELOC.

Thanks in advance for any replies!

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