Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 3 years ago,
Using Someone else’s HELOC for Long term rental
Hi… I am a new investor located in Philadelphia. I currently have one rental property which just passed a year of ownership. I am interested in ways to acquire additional rental units using someone else's HELOC. How would a deal be presented and structed in order to make it beneficial for them to allow me to use the HELOC to fund the purchase and repairs before converting to a traditional mortgage? Interest payments, profit splits, equity splits? All options will be considered, thanks!