Updated almost 13 years ago on . Most recent reply
C-Corp Getting Loans
I am a real estate investor in California, using a C-Corp as my investment vehicle, funded by my 401K.
I am interested in leveraging my investments by seeing if I can take cash out of a cash positive residential rental property and use that for investment in another property. In checking with Wells Fargo I am being told they will not allow leveraging of investment properties within a C-Corp. If this is industry practice, then it appears that a C-Corp is not able to leverage real property investments (assets) for additional investments. Seems odd to me.
Has anyone else found the same issue and if so, how are you able to overcome it and leverage your funds?