Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Cameron Parr
4
Votes |
7
Posts

HELOC or Home Equity Loan or Personal Loan

Cameron Parr
Posted

Hey BP,

Newbie here looking to close my first two deals on two buy and hold duplexes. 

Ran into a hiccup when lender initially told me they would finance 85% of the loan now has changed to 75% but I only took out money from my 401K to satisfy what she initially told me. 

I have a SFH that has about $25k equity. I need about $14k to close the deal at the new ratio.

What options do you think I could explore to fund the $14k. HELOC, HEL, or personal loan?

Thanks

Loading replies...