Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
John Zimmerman
0
Votes |
1
Posts

HELOC on property listed under LLC.

John Zimmerman
Posted

I purchased my first rental a couple years ago, a triplex as a primary home mortgage and moved the title under an LLC shortly after the purchase. I wanted get a HELOC for the property for repairs or another investment, due to the amount of appreciation Seattle continued to see over the past couple years. I've spoke to conventional banks, and they said they will not allow it with the title under the LLC with the county. Is this a normal issue or have I simply called the wrong lenders? Thank you for any recommendations.

  • John Zimmerman
  • Most Popular Reply

    User Stats

    882
    Posts
    1,968
    Votes
    Sherief Elbassuoni
    • Realtor
    • Bellevue, WA
    1,968
    Votes |
    882
    Posts
    Sherief Elbassuoni
    • Realtor
    • Bellevue, WA
    Replied

    @John Zimmerman, I will message you a lender who can do that!

    Loading replies...