Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Sandra Lopez

Sandra Lopez has started 2 posts and replied 6 times.

Hello Brandon,

It is $135k.

Please let me know if you may be able to help.

Thank you very much.

Hello, 

I am looking to purchase another property. I have a lot of Equity in my other properties.

I am considering in getting a HELOC in one of my investment property.

Could someone on this forum please assist me on this process.

Thank you very much.

Hello,

Thank you everyone for the input.

Please correct me if I am wrong 

I will use the 200k, 80% to pay back the Heloc loan (165k) plus 30k in repairs and renovations, a total of 195k, minus closing cost.

My question is where do the $50k , the 20% goes to? How do I get that money out?

Thank you very much.

Thank you for your help.

If  cash out refinance the property, how do I paid back the 165k I borrowed (Heloc)?

80%= 200K

20%= 50k cash back to me.

How do I paid back the $165k.

Thank you in advance for your help.

Thank you very much for your reply Logan.

I purchased the property cash (Heloc) for 165k. Renovation cost 30k.

ARV of the property is 250k

80% of 250k= 200k (will this be the mortgage in the property?

50k= the lender will give me a check for this amount?

Is this correct?

Hello,

I flipped a property. I am unsure if a should cash out and refinance or sale it.

Can someone please explain how the cash out refinance works.

The ARV is 175k. Does that mean I refinance 80% of the ARV of the property and cash out the 20%. Meaning I put in my pocket the 20%?

I am a little confused of how this works.

Thank you in advance for any guidance and recommendations.