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All Forum Posts by: Bobby Cy

Bobby Cy has started 2 posts and replied 6 times.

As soon as we bought the rental property. 

Quote from @Mark Fein:
Quote from @Bobby Cy:

HI BP Community! I wanted to know if there are still bank that can do HELOC on rental properties in Nevada. How much is the running rate now? thanks!


Spring Equity offers fixed second mortgages on investment properties, not HELOCs though. They require the deed to be in your personal name, not LLC.


 Appreciate it!

Quote from @Mark Fein:
Quote from @Bobby Cy:

HI BP Community! I wanted to know if there are still bank that can do HELOC on rental properties in Nevada. How much is the running rate now? thanks!


Spring Equity offers fixed second mortgages on investment properties, not HELOCs though. They require the deed to be in your personal name, not LLC.


 Thanks! will reach out to them and check!

Quote from @Eliott Elias:

If you have a loan on it, you will have to disclose that to the lender and make sure it is possible.


 thanks!

Hi BP community! I transferred the rental property to our Living trust in 2022. Is it still possible to transfer this to an LLC for asset protection? thanks!

HI BP Community! I wanted to know if there are still bank that can do HELOC on rental properties in Nevada. How much is the running rate now? thanks!