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18 September 2024 | 3 replies
If you have a primary residence you can get a HELOC for the down payment.
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17 September 2024 | 2 replies
The entirety of this project was financed by a HELOC, and at closing, we will wipe out our debt incurred to complete this project.
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17 September 2024 | 3 replies
Currently, I don't have any second mortgages or helocs because the idea of keeping track of more than one mortgage per property has been a tad daunting and decreasing my cash flow at the moment is something I'm battling mentally with.
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13 September 2024 | 12 replies
Yes, if you have or obtain a HELOC you can use the funds for pretty much anything.
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19 September 2024 | 44 replies
If I wanted to access cash it would then be dependent on the deal and I would likely lean towards pursuing a HELOC.
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16 September 2024 | 43 replies
I am not one to use a HELOC on my primary to invest .
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16 September 2024 | 8 replies
This would typically involve taking a cash-out refinance or a home equity line of credit (HELOC) on your current rental to access the funds needed for the down payment on the new property.Regarding the lender fees, having two mortgages, one for the cash-out refinance and another for the new property, could result in additional fees, but it’s not necessarily double the cost.
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12 September 2024 | 1 reply
Three part question regarding my HELOC.
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16 September 2024 | 8 replies
All six (6) lenders the owning spouse has contacted have stated that due to the way the property is titled in the SDIRA (75% SDIRA owned and 25% ownership in spouse personal name), the SDIRA would have to disburse the property totally from the SDIRA and deed the property into only the owning spouses name in order to provide a mortgage loan, HELOC, etc of any kind against the property in order to pay the spouse.
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21 September 2024 | 69 replies
I should have a huge HELOC to play with here once we're on the other end of our primary residence stuff.