All Forum Posts by: Lawrence Jenkins

@Lawrence Jenkins

But I do want to pay the heloc off before rates get too high &

@Andrew Postell

Actually I got a heloc on my primary home .

I’m not living in it at the moment , due to the fact I rented it out & moved in the flat while rehabbing , but in a year or two my plan is to move back in my primary residence & rent both units of the flat.

@Andrew Postell

I was just trying to establish business credit in order to grow purchase under the business name.

I was looking separate business & personal

@Andrew Postell

Thanks for the info very much appreciated

@Jason D.

Thanks , do you think I should just keep the property in my name & cash out refi to pay the heloc off on my other property?

@Aman A.

Thanks I really appreciate the info.

It sounds like it might be best to keep the property in my name & get cash out refi on that property & payoff the heloc?

We live in Michigan.

I took out a home equity line of credit on our primary residence.

We bought a 2 family flat

Rehabbed & moved in 1 of the units & rented our primary residence & rented the other unit.

Now I'm looking to cash out refi in my business name major moves investments LLC & rent from my business & pay off the heloc .

Any information or advice would be helpful.