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Creative Real Estate Financing

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Tammy Wise
  • Oakley, CA
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Heloc on house in Family Trust?

Tammy Wise
  • Oakley, CA
Posted Sep 10 2014, 22:27
Hey there! I recently renovated a house (where I am trustee) that is free and clear here in CA. We plan to rent it out soon. Is it realistic to think that I can get a heloc on it to purchase a rental and put in the trust? Would I have to wait a certain amount of time to prove positive income on this house's cash flow? Thanks for advice in advance!