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1 July 2024 | 4 replies
I am looking to get a HELOC on my primary residence.
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5 July 2024 | 19 replies
I feel much more comfortable going forward with this.One more quick question, I ended up getting a HELOC on this property so I had to put it back into my own name.
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2 July 2024 | 4 replies
Would it be a HELOC, private lender, etc?
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2 July 2024 | 6 replies
To finance the deal, I'm thinking of using hard money and heloc from 1 of my properties.
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3 July 2024 | 3 replies
Hey Corey,Here are some pros and cons of your optionsSeller Financing + Separate Renovation LoanPros:Low Down Payment & Interest Rate: This could significantly reduce your initial cash outlay and make monthly payments more manageable.Cons:Financing Rehab: You might consider a personal loan or a home equity line of credit (HELOC), though these often come with higher interest rates.
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2 July 2024 | 9 replies
Instead of selling, have you considered getting a HELOC on your primary home?
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2 July 2024 | 2 replies
However, I have to purchase a new home, which would require either selling the property or using a HELOC.
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2 July 2024 | 1 reply
Home Equity Lines of Credit (HELOCs) or cash-out refinances can access built-up equity without selling the properties.
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2 July 2024 | 12 replies
Granted, that's of little help if you don't have the cash available but you can use a HELOC on a US property and, even if you don't have access to that, the total price of a Nic property overseas can be less than the downpayment on a US property.