Khaleel Zafer
Pulling out Equity or Utilizing with HELOC
I recently bought my first home at 23 for 126,000. I put down 5% with a conventional loan and after appraisal, we came back with an appraisal of 145,000. Around 20k equity. I added in about 10-15k of rehab work. When ...
Andre B.
Foreclosure Auction for HELOC?
Hello all,So I found an upcoming foreclosure auction listed at a Firm's website and announced in a local paper. Here is the strange part though, I searched the property records and the deed instrument number being au...
Joe McGovern
Question around HELOCs
Hello!
I'm a newbie from Iowa to the real estate investment world and am in need of capital to make my first investment. One of the options I've been looking into is using a HELOC on my primary residence. Before doin...
Linda Conrad
First Rental Property Financing
Merry Christmas all! It's time to celebrate. We paid 50% of our HELOC in just 2 yrs. Now we are ready for our First Rental Property. Need your advice. Should we/can we sell the home to the LLC? It's our primary ho...
Anthony Jackson
What is the best way to leverage my home to invest in real estate?
What is the best way to leverage my home to invest in real estate? I have lots of equity built up in my home. I want to use some of it to start invest in small multi family. I thought of using a HELOC but it seems tha...
Dave Roberts
HELOC and Conventional Loans from same bank?
Greetings,
Do any of you have a HELOC with the same bank that you obtain conventional or commercial loans from? My example would be drawing from the HELOC to pay cash-in-full for a house (buy and hold), then refi to ...
Changqin X.
Use cash reserve or HELOC
I plan to buy more properties, what financial resource would be best to choose?I have 3 options:1. Use fund that is currently in stocks/bond. 2. Cash out refinance— I just did non cash out refinance on one rental prop...
Flavio Espinal
Is possible to change the Mortgage for a HELOC?
Hi BPs,It is possible to switch from a mortgage to a HELOC 1st lien?I contact a couple of banks and they are all willing to do a 2nd lien on my house for the HELOC but I haven't been able to find a bank that is willin...
Stephanie Lachapelle
HELOC - to use or not to use?
I am a relatively new investor. I have three rental properties we are holding onto long term. What are your suggestions, if any, on leveraging HELOC's to purchase additional properties? Are there strategies out there ...
Andrew Liu
HELOC or CO Re-Fi or Loan Shark?
Hi guys!
I've paid off my home that is now worth $530K - I want to use the equity I've accumulated to purchase an investment property (multi-family or small apartment in the LA area).
1. What is the best way I can...