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Updated about 4 years ago on . Most recent reply
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Investor Property HELOCs?
Hey, Bigger Pockets crew! I am looking for myself and my clients for a company that does HELOCs on investment properties? Preferably, someone who is very familiar with their products and HELOCs in general. I am looking to do one in the future myself to help increase my buying power and trying to also find some solid resources on the subject for my clients and a community of "Hopportunity" investors in the Norfolk and Virginia Beach area. HouseHacking is a great way to build up the portfolio, but at times when things are appreciating quickly, it would be nice to leverage some of that equity (with caution) in order to speed up the portfolio acquisition process.
Please let me know what you think of the idea and if you have any resources or people that are pro's on the topic.
Thanks!
Alex
Most Popular Reply
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Thanks guys. Good feedback. My personal properties are in an LLC but the loan is still under me.
Patty, thanks for the portfolio idea as that is something I had not heard of yet with lines of credit.
Sean, do you have any buddy over at Langly FCU that you work with or recommend? . My Grandfather actually helped start that credit union like 100 years ago, lol!
Thanks for the input!
Alex
#heloc, #Virginiabeach, #Norfolk, #VAHouseHack