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.
Private Lending & Conventional Mortgage Advice
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 9 years ago on . Most recent reply

User Stats

733
Posts
155
Votes
Bryan C.
  • Investor
  • Spokane, WA
155
Votes |
733
Posts

Advice on Financing: Cash-out Refinance, HELOC or other?

Bryan C.
  • Investor
  • Spokane, WA
Posted

Good evening everyone!   I am hoping to get some advice or direction with my current situation....

I currently own:

4plex - in Montana (Owe $200k / equity $70k)

SFH - Montana (Owe $100k / equity $70k)

SFH - Florida (Owe $100k / equity $50k)

SFH - Ohio (free & clear / equity $50k)

Right now I am realizing there are better deals out there that I would like to be a part of but do not have the cash to purchase.  Thinking about doing some kind of financing to jump start things and start purchasing a couple properties and just build off of that....

I have little experience with Home Equity Loans or HELOC's & I haven't done a Cashout Refinance before either....

Just interested in hearing suggestions and information that can better educate me on the process.

Loading replies...