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10 August 2019 | 2 replies
Has anyone ever heard of a HELOC or Cash Out Finance that can be closed on remotely?
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10 September 2019 | 13 replies
85% seemed a bit high to me, yet checking the article in 2009 the limit was 95%......I guess I should know better than to expect fiscal responsibility from people.Banks kinda figured this out a while ago with HELOCs when they began doing "benchtop" appraisals that are very conservative limiting borrower allowance to access equity.
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1 August 2019 | 2 replies
We also have a HELOC on our primary open and owe about the same amount we made on our rental.
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13 August 2019 | 13 replies
No additional risk as no new debt is accumulated.COA2 (medium risk): Take out HELOC (or cash our refi) from current rental properties.
2 August 2019 | 0 replies
I’m using my HELOC for the down payment, I’m well aware of the risk and it doesn’t bother me.
2 August 2019 | 16 replies
If you refi, and don't payoff the HELOC...what is the cash flow then?
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2 August 2019 | 3 replies
Careful of the interest rate however as some HELOC interest rates start low and change after a certain term.
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3 August 2019 | 12 replies
In retrospect I should have done a HELOC vs. a mortgage.
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3 August 2019 | 10 replies
Hey @Markum King,If you own your own home, you could try using a HELOC to pull some of the equity out of your own home.
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2 August 2019 | 1 reply
Have some BRRRR rental properties purchased and rehabbed in Idaho this year via partnerships, and cash+HELOCs.