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Updated over 16 years ago on . Most recent reply

User Stats

707
Posts
560
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Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts

What kind of leverage do I have?

Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Posted

Hi all,

I have 2 investment properties that I own out right? Total equity would be around 130K. How can I leverage that to borrow money from the bank? I understand that banks don't do heloc on investments. Can I transfer the properties into an LLC and have the LLC take out a business loan?

Thanks in advance.

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