All Forum Posts by: Jordan Kaylor

What is a “seasoning requirement”?  Thanks!

Thanks! Sounds like it is best to either use the HELOC or obtain a conventional mortgage rather than using a HELOC and then a cash out refi. I didn't consider the second closing costs.

Probably to buy a turnkey property since this would be my first investment property.  Forcing appreciation on properties requiring work is a longer term goal but I’d like to start with a simpler project.  That being said, with interest rates being higher now, I may not be able to find a turnkey property that makes financial sense. 

I'm new to real estate investing and have secured a HELOC on my existing home. I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC. Dumb question, but is this called a cash-out refi? Or is there a different term for this?