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Updated over 6 years ago,

User Stats

214
Posts
29
Votes
Carlos Rodrigues
  • Investor
  • Kearny, NJ
29
Votes |
214
Posts

Transfer a Property from LLC to my Name to be able to get a HELOC

Carlos Rodrigues
  • Investor
  • Kearny, NJ
Posted

I have a scenario and I'm trying to figure out what is best.

If you have a property under a LLC with no mortgage and liens could you get a HELOC loan?

Or should we transfer that property under to a name so we can get a HELOC loan?

I heard its hard to get a HELOC loan when the property is under a LLC.

I also heard the interest rates is lower if its under someones name.

If we have to switch the property to a name how can I do so?

Thank you kindly.

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