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Investing In Real Estate Podcast

If you want to use a HELOC to pay off your mortgage, the easiest way is to utilize your HELOC as a checking account. But where can you find these types of HELOCs? That’s the first question I’m answering on this episode of Investing in Real Estate!

Today’s Q&A episode features three of your great questions about finding HELOC products, rental companies, and how to buy rental properties inside a self-directed IRA. Click play to hear my answers to your best investing questions!

On this episode you’ll learn: 

  • How to find the best HELOC.
  • How to handle titling on a rental property.
  • Why you can’t transfer your rental property into your self-directed IRA.

How to Find the Best HELOC

If you want to find the best HELOC products on the market, the best thing you can do is shop locally! Your local hometown banks usually can offer the best products. However, if you can’t find what you’re looking for, I always recommend reaching out to my friend Dan Kraus at Churchill Mortgage. He has a ton of knowledge, resources, and connections in the lending world.

How to Handle Titling on a Rental Property

In general, I wouldn’t recommend buying real estate with a rental company that insists on partnering inside your LLC. But even if you’ve chosen to do so, you should still be able to find lending products that work in tandem with your LLC. Again, I recommend Dan Kraus at Churchill Mortgage.

Why You Can’t Transfer Your Rental Property Into Your Self-Directed IRA

Unfortunately, you cannot transfer ownership of a property that you already own into your self-directed IRA. This would be considered self-dealing, as you are a disqualified person via the IRS rules.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
How to Pay Off Your Mortgage in 5 Years 
morrisinvest.com/Clayton
Dan Kraus at Churchill Mortgage
Download the Freedom Cheat Sheet
Download the free Financial Empowerment Bootcamp
Subscribe to Investing in Real Estate on Apple Podcasts 
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to​ use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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Posted on

February 12, 2024

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