Mark Daniels
Advice on borrowing against a paid off Commercial property to buy an additional one.
18 January 2025 | 8 replies
Yes but you will need to look for a local commercial bank to facilitate a HELOC or try a commercial lender for a traditional cash out loan.
Mike Levene
Most efficient source to pull funds from for a down payment?
16 January 2025 | 5 replies
I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.
Hank Bank
Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
22 January 2025 | 5 replies
I would suggest you do both of what you suggest - meaning get either a new mortgage (more conservative route) or HELOC on the townhome and use those funds to buy your next investment property.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Keep in mind a HELOC rate will be much higher because of the CLTV and risk.
Brian Chadwick
Selling one home to get three - smart or stupid?
21 January 2025 | 20 replies
We took out a HELOC on the property a few years back to do some extensive repairs and we've just now got what we owe on the HELOC paid off
Jordyn Ohs
What do I do if my DTI is getting in the way of my next investment property?
16 January 2025 | 7 replies
@Jordyn Ohs pay off/down your Heloc aggressively and/or look into DSCR loans for future acquisitions.
Sara Holt
First timer getting creative??
12 January 2025 | 1 reply
Sara,I see this a lot and I always ask if you know you are going to refinance in the long run to consolidate the Heloc why not just do a Cash out refinance instead.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
I'm not looking for a HELOC, but a Home Equity Loan.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
Or pay myself back with a heloc and then refinance out of the heloc later on?
Ricky Reddin
Renovation On A Property
12 January 2025 | 7 replies
You can use your own funds, use a HELOC or do a cash out refinance to cover the costs.