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?
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.
Nick D.
Pulling equity out of investment properties under LLC for a DP on a 3-family
17 January 2025 | 14 replies
One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
Helocs have many different ways to calculate income once you get outside of the bank world.
Paul Whitehurst
Just got my first multi family property! Now….?
27 January 2025 | 2 replies
Going in, I have a HELOC that I can draw about 60k from my primary and then 25k in cash.
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.
Rosmery Then
Seeking Advice and Contractor Recommendations for a Fort Lauderdale Multifamily Conve
23 January 2025 | 8 replies
This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.
Anthony Finelli
Pay Off Second Home or Leverage into New Property
1 February 2025 | 4 replies
Townhouse is 4.5% so any heloc/cash out doesnt make sense on a new property.
Brandon Toron
How to get the most cash out of my property?
13 January 2025 | 13 replies
The HELOC strategy may work, but many lenders are wary of putting a HELOC on an investment property and if they do they still cap LTV at 75-80%.
Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
You could see if there are any local banks that would do a HELOC(tough to find).