Good day mates🫡,I was told that you have to be in your residence for a certain amount of time before you can get a heloc on it. Is this a fact, and if so, what is the time frame?

Dahrian, are you looking for a cash out on an investment property or a primary?

Love the idea of helping out a first time buyer, may run into trouble if she's not the primary resident, check w/ lender but I don't think that'll fly w/o more of a down payment.

Additionally I don’t want to dip into my personal primary residence rainy day fund.

Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs).

You’ll be able to access more equity in your primary vs a rental property, and the rate will be higher.

Heres the scenario:Married - Husband owns 2 properties (1 long term and 1 short term) and wife owns 2 properties (1 long term and primary residence)  in each of their own names.Husband has LLC with zero properties.

He found a company insure my primary resident in CA and helped with policies on my properties out of state as well.

@Celine RechyyThe primary rule of thumb is you can never start early enough in real estate.

Is there anyway you could make the NV your primary home?