Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Multi-Family and Apartment Investing
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 about 3 years ago,

User Stats

15
Posts
7
Votes
Clive Smith
  • Greensboro NC
7
Votes |
15
Posts

Heloc for 6 unit apartment

Clive Smith
  • Greensboro NC
Posted

I got an off market 6 unit 1 bed 1 bath in NC, for 150k and getting it renovated for another 150K. Renovation will be done in 2-3 months. Total renovation. Since units were in bad shape no one was ready to finance it initially. So i paid cash for buying it and renovating it. Now i have invested 300k into the units. What are my options to take out cash so that i can invest in other properties. Is it Heloc or Line of credit for 6 untis since it comes under commercial. And how are the interest rates like? for how many years. I don't have any idea so any help will be appreciated. Thank you

Loading replies...