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Michael Callahan's profile image
Michael Callahan's profile image
Michael Callahan
  • Member since Oct 26, 2018

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Michael Callahan's profile image
Michael Callahan's profile image
Michael Callahan
  • Member since Oct 26, 2018
Michael Callahan
1
Votes |
2
Posts
Buying & Selling Real Estate

HELOC on a Rental

Michael Callahan
Posted

I own a condo under an LLC that is operating as a STR. It is worth about $215,000 and there is no mortgage. I want to pull the equity out to reinvest. What options are available to do this other than securing a traditional mortgage? I have heard you cannot get a HELOC on a property owned by an LLC.

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