Chris Menne
Should I Sell or Rent Out?
3 January 2025 | 18 replies
If you need cash to buy your next house get a HELOC in place before you move out while it is owner occupied.
Glenn McCrorey
I quit my job today
29 December 2024 | 253 replies
I was able to get a HELOC on the first one for 90K because it was a condo in Florida and doubled in value (has since crashed).
Nathan Frost
Update - Detroit Deal
18 December 2024 | 45 replies
Texas is okay but higher taxes and can't get a HELOC.
Parker Bullard
Trying to Break Even by Leveraging Equity
13 December 2024 | 7 replies
Whatever I do, I would need to do with a HELOC—effectively financing 100% of the property (down payment and closing financed with HELOC, rest of purchase financed with a mortgage).
Sarah Larbi
Costa Rica
11 January 2025 | 49 replies
If you take a HELOC at home, I'd imagine you'd be able to cover that cost as well.
Devon Shives
Should I get a cash out refi to buy more property?
13 December 2024 | 16 replies
I’m trying to get a heloc or cash out refi on a primary residence duplex.l under FHA.I have great credit but modest incomeWife has bad credit with better income therefore I don’t believe we will qualify for heloc.Our plan was to get heloc to use as a down payment on another house hack or general investment property.So far our mortgage company said they could do the cash out refi which would raise our mortgage from $800 to $1200 (current rate is 3.62) and the rate would go to 6.6To pull out hopefully 30-35k maxMy concern is if I do the cash out.
John Dallas
Wanting to retire with a few cabins in the Western NC mountains.
19 December 2024 | 8 replies
I'm a fan of using HELOC or LOC if you have the equity.
Rae Chris
Advise on first flip, loans, contractors
18 December 2024 | 7 replies
The more traditional way, assuming you actually have adequate equity in your rental, is to take out a HELOC on the rental.
Jim Pinter
Long term rental pivot
17 December 2024 | 0 replies
Finance was a combination of a few different vehicles and ultimately ended with a HELOC which was then used to fund multiple other projects over the years.
Ryon Pax
HELOC Payoff Advice
2 December 2024 | 4 replies
I would find other ways to pay off the HELOC - even if you have no cash flow temporarily.