Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

I would love to grab coffee and discuss what you do and how we may be able to help each other.

Thanks in advance for helping a newbie get started!

Hi William, glad to have you as part of this community! 

Id heard this recently and wanted some clarification. 

Is this reasonable idea for this market?

This fits my plan for a couple of reasons, I plan to rent one unit long team and as I travel a fair bit for work I'll Airbnb the second unit when I'm overseas.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!

what type of underwriting did you do on this deal?

I say this as someone who is in this age group and will have this problem soon.