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Updated almost 8 years ago on . Most recent reply
Should we transfer our home into our business name for a HELOC
Hello Bigger Pockets folks,
Thoughts from anyone on if we should transfer the deed (ownership) of our home from our personal names into the name of our company? We are about to apply for a HELOC loan, we own the home free and clear, are turning it into a vacation rental. Using our HELOC to fund at least in part our first deals.... so would all of this be easier or is there any benefit to just putting it all into our business? We have an S corp.
Any pointers or thoughts would be fantastic.
Cheers,
H&H