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All Forum Posts by: Michael Perez

Michael Perez has started 1 posts and replied 2 times.

New Jersey Real Estate Q&A Discussion Forum

Post: Best steps for obtaining a HELOC on a primary residence?

Michael PerezPosted
  • North Bergen, NJ
  • Posts 2
  • Votes 0

Thank you, Bob. I appreciate the response! 

0 Votes
New Jersey Real Estate Q&A Discussion Forum

Post: Best steps for obtaining a HELOC on a primary residence?

Michael PerezPosted
  • North Bergen, NJ
  • Posts 2
  • Votes 0

Hey everyone! I am new to Real Estate and was told the Biggerpockets forum is the place to be for everything Real Estate related. Can anyone give tips on the best way to get a HELOC for renovations? The house belongs to my mother. I want to set everything up for her to lessen the overwhelm.

The loan will be for home renovations and hopefully (if anything leftover) she can use the rest for a down payment on a new home.  

Should the home be appraised before and after renovations? 

Is it cheaper to go with a general contractor who takes care of everything or should I find independent contractors? (plumber, electrician, carpenter).  

0 Votes