881: Q&A: Should I Take My Property Out of an LLC? - Episode 881

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Business News, News, How To, Business, Education, Investing

4.1 • 1.1K Ratings

🗓️ 27 September 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Thomas wants to get a HELOC on his rental property, and his lender won't allow it since his property is in an LLC. Should he transfer the property into his own name? And if so, can he quickly transfer it back? This is a common issue with real estate financing, and it's the first question I'm answering on today's show!

This episode of Investing in Real Estate features three great listener questions on transferring properties out of LLCs, raising capital to invest in today's market, and getting an insurance policy on a rental property. Click play to hear my answers to your questions!

Transcript

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0:00.0	Welcome to the Investing in Real Estate Show. I'm Clayton Moore so glad to have you here.
0:09.4	This is our Q&A episode where you get to ask me financial questions, real estate related questions, and we a financing and other things about real estate so let's dive into it but remember you can
0:24.8	always leave me a voicemail message just by going to Morris Invest.com slash
0:29.2	Clayton just go to the website Morris Invest that's our main website and just go to slash website, Morris Invest, that's our main website,
0:32.6	and just go to slash Clayton.
0:34.7	That's how you'll be able to leave me a 30 second
0:36.4	voicemail message.
0:37.3	Try to keep it to about 30 seconds,
0:39.1	so we can answer more questions.
0:40.8	Thank you so much.
0:41.8	All right.
0:42.2	Our first question today comes from
0:44.0	Mel. Hi Clinton, this is Mel from Concord, California. Love your podcast. My
0:51.0	question is about Heloc. I have a primary home and I'm planning to refinance it in the next couple months to get an access to
1:02.0	Heloc. Could you please explain how Heilock works if you were going to use it for real estate investing?
1:13.5	And also, what is the best strategy
1:18.0	to use this money to build my portfolio. I'm planning to get 50 units, single family or duplex in the next 10 years to hit my freedom number.
1:38.0	So if you can point me to the right direction to effectively use this money.
1:45.0	I would really appreciate it.
1:47.0	Thank you and have a good day.
1:49.0	Thank you, Mel, really appreciate that.
1:51.0	So Home Equity line of credit. now he said it's something there
	...

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