Candy Kimbro
Rehabbed Historic Home into a Short Term Vacation Rental
14 November 2024 | 0 replies
We bought it with a HELOC on my mom's primary residence for the first $40k, then hired a contractor for demolition and major renovations, did cosmetics ourselves and used more heloc money totaling $60,000. 1 year later we listed it on VRBO and AIRBNB and refinanced the $100000 into a fixed rate mortgage.
Jared Khan
Best Down Payment Source
13 November 2024 | 17 replies
Otherwise, HELOC is a great resource.
Roy Jenkins
Best Loan For New Investor
14 November 2024 | 10 replies
A Heloc on my primary residence was where I started, and I was able to use all my own money.
Mike Hansen
Line of Credit for rental property
13 November 2024 | 2 replies
We do them, but they aren't cheap and your LTV will be lower that a HELOC on a primary residence.
Nikol Catino
rental property inv.
14 November 2024 | 2 replies
No, I put 65,000 but its probably worth 140,000 I'm trying to get a HELOC to do some renovations, then rent it out in April.
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
16 November 2024 | 12 replies
I do have a HELOC for a worst case scenario--maybe this is also naive.
Ray Hernandez
Becoming A Short Term Lender?
20 November 2024 | 37 replies
A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.
Brian Scott
Looking to purchase our next MF
11 November 2024 | 11 replies
You're already at 90% LTV so a HELOC will likely not be viable.
Bob Asad
Can You Do HELOC on Rental?
4 November 2024 | 3 replies
If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?
Henry Lazerow
Anyone else finding flips to not pencil out lately?
15 November 2024 | 9 replies
I also can go higher prices by tapping into a heloc for part of downpayment.