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.
Creative Real Estate Financing
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 8 years ago, 05/12/2016

Account Closed
  • Lender
  • Philadelphia, PA
0
Votes |
11
Posts

Philadelphia HELOC references? Recommendations?

Account Closed
  • Lender
  • Philadelphia, PA
Posted

Hey everyone!

I am looking to start up a fix & flip business alongside my dad. Since my family's home where I grew up no longer has a mortgage, we were considering using a HELOC to cheaply start our fix & flip business (side note: we have never used a HELOC before).

-(*For Philadelphia investors*) 

Does anyone know any lenders/references in the Philadelphia area that offer great terms for a HELOC? Have you ever worked with these lenders & what was your experience?

-(*For all investors*) 

Have you ever used a HELOC to start-up or fund your business, and what was your experience? What are some key criteria or loan terms to look for, when searching for a lender for your HELOC? Any advice or warnings?

Thanks so much all, I look forward to hearing your insights.

Loading replies...