Paul Chintawat
HELOC and seasoned money
26 June 2019 | 2 replies
We opened a HELOC in April that we plan on using for funding (either down payment or full).
Mark Millich
Cash or Bank Financing (loan)?
27 June 2019 | 3 replies
Not only that, but you have to find a lender that will provide a loan on ARV and not 70%-80% of what you have put in or the appraised value.A HELOC allows you to go the cash route, obtain a HELOC and use the cash again to buy the next property.
Ben I.
Moving to Hawaii From Chicago
1 July 2019 | 41 replies
They are all going to be fully rented out and I don't plan on selling them. 80k of HELOC is available to me from one of them.
Steven Brooks
Starting LLC for Real Estate Investing
7 July 2019 | 5 replies
At that point, you can HELOC instead.
James Bridges
NEW Member ALERT!!! Advice on financing a rehab.
1 July 2019 | 2 replies
@James Bridges, if you have any equity in your other property, you could talk to a bank about a home equity line of credit (HELOC) or you could look for a higher balance credit card with no interest for your first year and pay that balance off before the year is up.
Patrick Jung
Issues Refinancing in BRRRR due to mortgage seasoning
1 July 2019 | 2 replies
I was given issues trying to pull a HELOC on my SFR after rehab because of "mortgage seasoning"I purchased this SFR with conventional 80% loan.After rehab, I still was able to pull 36k HELOC with a 6.0% rate.
Amber Golson
HELOC on Primary Residence for Investment in LLC
1 July 2019 | 1 reply
I'm interested in using a HELOC on my primary residence to purchase a rental property.
Dave Fellow
Home Equity or 401K Loan to finance Multiplex?
2 July 2019 | 1 reply
One option is to partner up with a great GC or developer.Personally, I'd do a HELOC and try to make sure the deal will pencil out to where I could reclaim that capital within a year or two.
Jack Yen
implementing/optimizing the process :)
1 July 2019 | 0 replies
We used the equity to get a HELOC to make a downpayment for another investment property(was primary home and we househack out of it).