Getting denied for an heloc. Own home free and clear

[Antonio Lunato]

I own my home free and clear. My credit isnt great. I have an llc. I keep striking out on an heloc. I want to buy my second property. Can i sell my home to my business? And use that to get money from a loan? Anyone have any advice or experience with this? Thanks!

[Account Closed]

@Antonio Lunato, don't give up.  It may just be time to move on to private or hard money folks who are willing to work with you if the project's numbers add up rather than your personal credit score.

Let's not kid ourselves; banks are probably the worst funding partners we could have.  They have little flexibility and even less imagination.  Their customer service is terrible, their balance sheets atrocious, and, in their spare time, they have become the Barney Fifes of the financial crimes enforcement world.  

It is ironic they are concerned with your credit profile from 6 years ago.  They were just exiting bankruptcy themselves; the beneficiaries of a tax burden placed on future generations.  And while you are out there trying to better your situation, they haven't changed their former ways at all.  

OK, rant over...good luck to you.