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Updated almost 6 years ago on . Most recent reply

User Stats

303
Posts
363
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Steve Hall
  • Rental Property Investor
  • Texas
363
Votes |
303
Posts

How can I get money out of my free and clear residence?

Steve Hall
  • Rental Property Investor
  • Texas
Posted

My primary residence is in Florida, and this home is in a Land Trust where my attorney is the Trustee. I have contacted traditional lenders to try to get a HELOC, but they all want me to change the Land Trust to list my name as the Trustee before they will give me a HELOC. I cannot do this because I am a high profile name, and my name and home address would then become public record in my county records.

Does anyone have any creative ideas on how I can get cash out of my personal residence?

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