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Updated over 9 years ago on . Most recent reply

Aquila Leon-Soon's profile image
Aquila Leon-Soon's profile image
Aquila Leon-Soon
  • from Cranford, New Jersey
  • Member since Oct 1, 2016

User Stats

15
Posts
3
Votes
Aquila Leon-Soon's profile image
Aquila Leon-Soon's profile image
Aquila Leon-Soon
  • from Cranford, New Jersey
  • Member since Oct 1, 2016
Aquila Leon-Soon
  • Cranford, NJ
3
Votes |
15
Posts
Private Lending & Conventional Mortgage Advice

HELOC vs. Mtg

Aquila Leon-Soon
  • Cranford, NJ
Posted
We are purchasing a property in NJ, all cash, and would like to move on to the next purchase very quickly by cashing out the equity on this one. The property will be under our LLC. Would it be better to take out a HELOC (maybe pay interest only) or take out a 30 yr mortgage? Are both options available for an LLC? Any thoughts would be appreciated.
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