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Updated over 6 years ago,
Transfer a Property from LLC to my Name to be able to get a HELOC
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.