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Updated about 3 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Grove City, OH
71
Votes |
93
Posts

100% LTV HELOC for 3rd Property Downpayment

Account Closed
  • Rental Property Investor
  • Grove City, OH
Posted

This week I will be closing on my 2nd property! As excited as I am to start managing this new property, Im always thinking about the next acquisition. I have a lender that does 100% LTV HELOC. I know this because I utilized this on my 1st property to put toward a dp for my 2nd property... My thought is, can I take a HELOC after a few months of owning the 2nd property to put on a dp for the 3rd property and so fourth? The total DP for my 2nd property will be $41k. So my understanding is that that $41k I will be able to pull out and put toward another dp. Has anyone done this in the past ?? Thanks!

Most Popular Reply

User Stats

231
Posts
243
Votes
Anthony King
  • Investor
  • Charlotte, NC
243
Votes |
231
Posts
Anthony King
  • Investor
  • Charlotte, NC
Replied

@Sarah Kartsher I invest in Ohio as well. Please tell us what bank!!!

  • Anthony King
  • Loading replies...