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George P.
  • Real Estate Investor
  • Baltimore, MD
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Record a lien to make the equity dissapear

George P.
  • Real Estate Investor
  • Baltimore, MD
Posted

it was suggested by Al Aiello to create a lien on the rental property to make it appear that there is no equity. I believe using my own LLC is acceptable.

Wanted to see if anyone has ever done it.
thanks

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Take out a HELOC on that property if you can, and then you will have a true legitimate lien (not one that was fabricated).

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