Who pays the HELOC payment?? #1 or #2??
When you take out a HELOC on property #1 to purchase property #2, which do you have pay the payment? I was thinking of making it like a loan to from #1 to #2 and making #2 pay it back to #1 to cover the monthly HELOC payment. They are both LLC's that will trickle down to my taxes, but I just want other people's experiences. Thanks!