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Updated 6 months ago,
Place properties in a trust to borrow against equity?
Is it possible or worthwhile to put a few properties into a trust (of some kind...) for the purpose of making it easier to borrow against equity? This question came up in discussion between an investor and a property manager in which the investor was complaining about the difficulty of running out of funds and finding it difficult to get a line of equity against investment rental homes. Whereupon the property manager suggested that placing the properties (three SFHs) in a trust would allow the investor to set up a line of credit against the trust. True? False? Partially true?