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Updated over 2 years ago,
Ryan ThomsonPoster
#1 House Hacking Contributor
Agent
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- Real Estate Agent
- Colorado Springs, CO
- 1,317
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HELOC or other sources of cash
I am trying to build up cash for the next deal. Also, as a way to have extra funds should I need them.
I would like to do a HELOC above 85% on my Primary. It's a duplex.
I tried to apply for a HELOC and the rushed loan provider missed a lot of my income and didn't think I could qualify.
I have the following items to help me qualify:
- A realtor job (1.5 years) that will make me close to 6 figures
- Two rental properties that will make me close to 36k/year (NET)
- My primary home mortgage completely covered by the rental of the downstairs unit.
What ideas do you have for qualifying for a HELOC? Are there other options you would recommend for getting my hands on some cold hard cash (or credit)?
- Ryan Thomson
- [email protected]
- (719) 624-3472
House Hack Colorado Springs
38 Reviews
5.0 stars