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Updated almost 6 years ago,
Best Way to Find a HELOC?
Hi all, I've stumbled into a BRRRR situation, and I'm looking to tap into my property's equity to fund my next investment. I currently owe $277,000 on 4-plex worth approx. $800,000 after 10 years of appreciation, forced and market-driven, in Kansas City, MO.
Ideally, I'd like to use a HELOC to fund my next (more intentional) BRRRR. What's the best way to find a HELOC with favorable terms? Local? Big national establishment (PedFed)? Scan the market for hot rates and deals?
Any and all advice is appreciated.