Greg Hellings
Primary: To sell or keep?
29 August 2024 | 4 replies
I have a local bank who just allowed me to open a $200,000 HELOC on it with no fees.Option 1: I can keep the house and rent it out.
Jerome Morelos
How to structure Private Money?
29 August 2024 | 6 replies
I have a family member that’s willing to lend money from their HELOC for my next deal to cover rehab costs.
Yim Vang
Using HELOC to purchase first investment property
26 August 2024 | 4 replies
I'm currently in the process of getting approved for a $160,000 HELOC on my primary home.
Account Closed
Local Credit Union or Bank for a HELOC in Phoenix
26 August 2024 | 1 reply
The two lenders I contacted through the "Find a Lender" option never called me back, so I am looking for a local and relatively small credit union or bank I can talk to about taking out a HELOC so I can invest fairly soon.Any recommendations?
Ka Vang
Has anyone here successfully used a HELOC on a buy & hold property?
26 August 2024 | 2 replies
Hello BP community,I’m exploring different financing strategies for my next investment property and am considering using a Home Equity Line of Credit (HELOC) as the down payment for a buy-and-hold property.Has anyone here successfully used a HELOC for this purpose?
Donna Rundo
Benefit of cash-out refinancing
28 August 2024 | 3 replies
I been seeing people utilizing heloc more than cash out refinances due to the high rates.
Malvern Zimmerman
Land HELOC on 1 Parcel of Mortgaged Land
26 August 2024 | 2 replies
If the 22 + 70 acres appraises high enough to cover my mortgage, can I own the 8 acres parcel/building lot free and clear and pull a HELOC on it?
Andy Gibson
Getting Started - Thoughts on Working with a Financial Advisor?
29 August 2024 | 13 replies
Look into a HELOC on my personal residence but I’m not crazy about this 4.
Stephen Lynch
Long term mortgage or keep it in the HELOC
25 August 2024 | 13 replies
I believe the property could reach my original target price if interest rates come down.My question is whether it's better to rent the property and use the 10% HELOC as my "mortgage" or do a 7.5% cash-out refinance.The HELOC has the advantage of no closing costs and potential cash flow if I don't pay down the equity.
Nathaniel Dean Morrison
How to use my Home Equity.
27 August 2024 | 3 replies
I normally feel like it'd be a no brainer to get a HELOC and use it to invest, but with rates and housing costs, I wasn't sure if it'd be worth to use on the primary.Appreciate any response, just wanted some insight on what other's though.Kindest Regards.