Clinton Leighton
HOW TO GET EQUITY OUT OF AN INVESTMENT PROPERTY.
SHORT VERSION: I HAVE SOME EQUITY IN MY FIRST INVESTMENT PROPERTY. I WOULD LIKE TO ACCESS IT TO PURCHASE MY NEXT INVESTMENT PROPERTY. HOWEVER, I HAVE SPOKEN TO A LARGE COMMERCIAL BANK (WHERE I HAVE A BUSINESS ACCO...
Dylan Tran
HELOC OR EQUITY LOAN?
Hello fellow investors,My partners and I just started an LLC for home re-development aka house flipping.Each of us will have equal shares, so monetary input.We just landed our first deal through the MLS for 170k.The q...
Ashley Lynn
Sell or keep as a rental
It’s been a while since I have been on this board. I purchased my current home in 2012. If I sold it today I would profit approx $250,000. My end goal has always been rental properties and passive income. This is the ...
Blake Morris
Using multiple HELOCs to buy for cash..anyone done this?
I have a HELOC on my primary mortgage. Just refinanced it to another bank. The bank I have my original HELOC from sent me a payoff letter that says unless I request it in writing my line is still able to withdraw un...
Antoinette Munroe
HELOC vs Refi, which to choose to start investing
My primary residence has 200k+ of equity(due to significant rehab and market growth). We've decided to move to another home, keep this as a rental and plan to aggressively invest in RE via BRRRR strategy. Trying to de...
Benjamin Manibog
Experience with HELOC?
I currently own a home in Riverside County, California (East of Los Angeles). My house is appraised at $450k and I owe $240K currently. I was reading about doing a HELOC in order to make a down payment on another prop...
Shane Bishop
HELOC as a Down Payment?
Hi BP Community,I have a question from a family member about purchasing a second home and possibly using a HELOC to do it! I, myself, am new to the real estate investment world so I have not looked too much into HELOC...
Shaun Hunt
What to do, what to do?
As of now, I owe $70,000 plus a $43,000 HELOC on my primary.I owe $52,000 plus a $50,000 HELOC on rental #1I owe $70,000 on rental #2 and have a $76,000 untapped HELOC.I owe $90,000 on rental #3 without a HELOC.I owe ...
Ronald Mejia
What to do with mortgage free property?
Our family home is currently rented out and mortgage free. There are no plans on going back to occupy the home. The goal is the grow into real estate portfolio. It earns positive cash flow but does a SFH carry more ri...
Pat Jackson
BRRR method, HELOC instead of Refinance?
First off, I agree with @Brandon Hall, it should be the BARRR method! If you haven't read this article, do so.https://www.biggerpockets.com/renewsblog/forget-br...Here's a quick recap on my situation:My property in M...