HELOC's in Sherwood, AR

[Walter Lee Bandy Jr]

Hello Bigger Pockets!

I'm reaching out today to hear what you have to say about HELOC's in Sherwood Arkansas and where and how to attain one.

I'm a very new real estate investor that is starting out in a single family residence, 3\2, with the goal of house hacking. My goal is to attain a HELOC to purchase my next property. I want a multi family residence. I'm just green and am looking for guidance from multiple pools.

I have excellent credit and am currently remodeling to force appreciation for a HELOC. I am using cash for the remodel. My question is, what percentage and where can I find the best HELOC?

Everything I have read has said that 80% is about the max. I've heard rumors of 90%. I'm reaching out now to help shorten my return on information. Just wanting to know the best place to start.

I welcome any information the subject. All suggestions are very welcome! I'm currently on episode 48 of the Bigger Pockets podcast. Told you I was new, haha.

I look forward to hearing all of your advise Bigger Pockets!

[Damon Cluck]

I recommend Arkansas Federal Credit Union. They are a portfolio lender and have excellent terms.