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All Forum Posts by: John Good

John Good has started 1 posts and replied 2 times.

Personal Finance

Post: Accessing equity in multi-family properties

John GoodPosted
  • Posts 2
  • Votes 2

Great feedback. During that same time frame, I also completed a cashout refi on my primary residence. A HELOC on my primary residence would be not a viable option at this time.

Is a HELOC on an investment property something that would still be considered a personal loan or would I need to venture into establishing a commercial line of credit on the properties?

0 Votes
Madison, Wisconsin
Personal Finance

Post: Accessing equity in multi-family properties

John GoodPosted
  • Posts 2
  • Votes 2

I have a few duplexes that I refinanced in 2020. I locked them in at sub 3% 30-year fixed rates. The last two years have been crazy with appreciation and now I am looking at different ways of accessing the equity in those properties.

Should I complete a cash-out refi and deal with 7%+ rates? Are HELOCs available on investment properties in Wisconsin? Other options?

2 Votes
Madison, Wisconsin