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
Creative Real Estate Financing
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 over 6 years ago on . Most recent reply

User Stats

45
Posts
26
Votes
Stephen Mahler
26
Votes |
45
Posts

Financing rental property

Stephen Mahler
Posted

Hi bigger pockets family,

I am pretty new to rei. I currently have two properties I purchased with my personal heloc. I put the first one in my personal name and the 2nd one in the name of my llc. My plan was to do the brrr method buying with my heloc then doing a cash out refi in my llc's name. 

I met with my cpa last week who told me it's a no no to buy property in the name of an llc with a personal heloc. He said I would have to first lend the money to my llc to buy the property then pay it back to my personal name.

Anyone have experience doing this?

  • Stephen Mahler
  • Loading replies...