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Updated over 6 years ago,

User Stats

27
Posts
8
Votes
Arnold B. Guerrero
  • Rental Property Investor
  • Sacramento, CA
8
Votes |
27
Posts

Is ot possible to bundle multiple properties in HELOC

Arnold B. Guerrero
  • Rental Property Investor
  • Sacramento, CA
Posted
Good Evening everyone, Is it possible to bundle properties for a HELOC? My bank tells me they don’t know of any bank that does this. I have two properties in Cali that have about $170k in equity. THAT I LIKE TO USE TO REINVEST. I also have one in Milwaukee that after ARV will be about $60k. I bought it at $28k and repairs $14k All in at $42K after refI 75% of equity would be $45k. WITH A PROFIT OF $2K + PROPERTY AND CASH FLOW. BUT, IF THE VALUE IS LESS, THE LENDERS WONT REFI UNDER $45K. THIS WOULD Be THE BRRR Method. IS ANY OF THIS TRUE OR SHOULD I KEEP LOOKING? Any Advice or Recommendation Would be appreciated. THANK YOU.

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