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All Forum Posts by: Penney Vasquez

Penney Vasquez has started 1 posts and replied 3 times.

Out of State Investing

Post: Conventional vs. HELOC vs. Home Equity Loan

Penney VasquezPosted
  • Posts 3
  • Votes 2
Quote from @Miguelli Fernandez:

Was able to get an offer from a broker for a fixed rate HELOC at 8.4% for 120k over 20 years. If I decide to take the loan out I would pay for the property and have tenants pay the monthly on the HELOC and have the cash flow if any go into the principal. My main issue is the $4816 in fees to take the line out.

 who is this with? I would love to talk to them about a HELOC. Maybe they will even give you a referral fee. 
0 Votes
Cleveland, Ohio
New Member Introductions

Post: Hoping to make dreams happen

Penney VasquezPosted
  • Posts 3
  • Votes 2

Just dropping in to say hi and thanks for having me. I am looking forward to learning from all you amazing people and doing my first deal this year. 

1 Vote
Southeast NC, North Carolina