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All Forum Posts by: Anthony Beeler

Anthony Beeler has started 1 posts and replied 3 times.

Starting Out

Post: Too late to start an LLC?

Anthony BeelerPosted
  • Posts 3
  • Votes 1

I took out a HELOC on my current home to purchase the flip so I own it outright, no mortgage on that property.. thanks for your help

0 Votes
Hammond, Indiana
Starting Out

Post: Too late to start an LLC?

Anthony BeelerPosted
  • Posts 3
  • Votes 1
Quote from @Travis Main:

Hey Anthony, 

If you closed on your flip last Friday, I presume it was under your individual name, correct? If financed, you should consult your lender regarding transferring ownership to your newly formed LLC. Lenders typically have guidelines on this, which may allow or prohibit such transfers. If financed, it's likely prohibited. However, if you used cash from your HELOC and the property is in your individual name, transferring it to your LLC via quitclaim should pose no issue.


0 Votes
Hammond, Indiana
Starting Out

Post: Too late to start an LLC?

Anthony BeelerPosted
  • Posts 3
  • Votes 1

I already purchased a home to flip with my brother. Is it too late to start an LLC? I took out a HELOC on my current home to purchase the home and we just closed last Friday.

1 Vote
Hammond, Indiana