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Updated almost 7 years ago on . Most recent reply

Amber Golson's profile image
Amber Golson's profile image
Amber Golson
  • Rental Property Investor
  • from Woodstock, GA
  • Member since Jan 11, 2019

User Stats

13
Posts
2
Votes
Amber Golson's profile image
Amber Golson's profile image
Amber Golson
  • Rental Property Investor
  • from Woodstock, GA
  • Member since Jan 11, 2019
Amber Golson
  • Rental Property Investor
  • Woodstock, GA
2
Votes |
13
Posts
General Landlording & Rental Properties

HELOC on Primary Residence for Investment in LLC

Amber Golson
  • Rental Property Investor
  • Woodstock, GA
Posted

Hello!

I'm interested in using a HELOC on my primary residence to purchase a rental property. What steps do I take to complete the following:

1. Transfer the money from my personal name to my LLC

2. Pay the HELOC balance with rental income from the rental property

Thanks in advance for your help!

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