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Updated about 4 years ago on . Most recent reply

User Stats

33
Posts
7
Votes
Matt Giordano
  • Investor
  • Pennsylvania
7
Votes |
33
Posts

HELOC Experience to purchase rentals

Matt Giordano
  • Investor
  • Pennsylvania
Posted

Scenario

You own a home mortgage free that has 300k equity

At 80% you get a HELOC for 240,000

If you use 100k to start with, purchase property, fix, etc... ARV do you pay off HELOC or reinvest

Also, based on say 2.8-3.5 % does anyone know roughly or have advice on understanding what the HELOC monthly payment would be on the 100k?

Appreciate the responses

Matt

  • Matt Giordano
  • Loading replies...