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Updated almost 14 years ago on . Most recent reply

George P.'s profile image
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George P.
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  • from Baltimore, Maryland
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George P.
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  • from Baltimore, Maryland
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George P.
  • Real Estate Investor
  • Baltimore, MD
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Tax, SDIRAs & Cost Segregation

Record a lien to make the equity dissapear

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

it was suggested by Al Aiello to create a lien on the rental property to make it appear that there is no equity. I believe using my own LLC is acceptable.

Wanted to see if anyone has ever done it.
thanks

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Steve Babiak
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  • from Audubon, Pennsylvania
  • Member since Apr 13, 2009
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Steve Babiak
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  • from Audubon, Pennsylvania
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Take out a HELOC on that property if you can, and then you will have a true legitimate lien (not one that was fabricated).

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