Sean, do you know if they would do a HELOC on a rental property?

@Christa S Rickard we have two loans from a Private Lender that are non-recourse "HELOCs" on small SFHs we owned free and clear.

However, in 2008 they changed it all and my non owner occupied HELOCS got all zeroed out.

If debt gives you anxiety and your goal is just to pay off a couple strong properties as quickly as possible and be done with it, then go ahead.Another idea is to consider getting a heloc on the property if you were to put 40% down on it.

Should I refinance or Heloc the equity in my primary to buy a flip or start the brrrr process (which is the goal brrrrr with str and ltr whatever makes sense at the time)?

I wish we'd gotten started then.But about a year later in 2019 we got a HELOC on our primary (appraised for $550k) and took out a loan against my 401(k).

- HELOC vs home equity long vs cash out refi?

Or do you have enough equity in your primary residence to get a HELOC and use towards the 20% on both properties?

I have 5 airbnbs in Denver Colorado, 1 of which is an arbitageI also have 8 arbitage units in Phoenix.I often get asked the pros and cons of arbitage.ProsQuickly scaleLow barrier to entryRelatively low riskQuick Cash flowNo or low maintenance costsCons compared to owningNo tax benefitsNo appreciation No principal pay downNo heloc or refi potentialAm I missing anything?

Just wondering if there is any other places beside small credit unions to get a good deal, my state employees credit union offers heloc at 4.5 rate which is good but therer monthly payments for heloc is for every $1000 used its $12 a month, so 50k heloc would be 600 a month, didnt know if this was good or not for monthly payments or us there cheaper one out there.