It’s always exciting to see new members join.

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.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

It's easy to default to the familiar. 

I'm in the L.A. area and I'd say it's mixed.

It “sounds” like there are 12,000 more home for sale than in 2019 when there were 160k homes for sale.

For rental turns since I am not in the area and it makes it easier for not only seeing the condition of the property during tenant turnover but also makes the deposit disposition easier.

Hey Kevin, I would say It depends on multiple factors. 1) how you want to take care of debt once you get cash out vs HELOC?

Quote from @Jay Jones: I have a HELOC on my primary residence but was told by the bank I have it with that they can’t give me a HELOC on my Quadplex because it’s a multi family rental (they could pass a single family rental off as a a vacation home.  

People who are knowledgeable about international real estate investing are few and far between on here so I'm trying to do my best to help those who want to explore this exciting world.