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...
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...
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 ...
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 ...
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...
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...
Kyle Sturman
Should I purchase property through a LLC or Personal Loan?
My Brother In Law and I are running through the preliminary numbers, questions, and research to develop a plan for purchasing and renting out investment properties. There has been some discussion as to purchasing pro...
Shawn Mcenteer
small cash flow now, large cash flow for the future.
I am looking for some feed back on cash flow. My goal is to purchase 5 cash flowing properties using traditional lending. I do not see my self stopping at five but I set that number because that is common stop nu...
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...
Steve Salvatore
Financing rental properties
I wanted to get some advice/opinions on the best way to finance the purchase of future buy and hold properties. Most likely the responses will be all over the place on this one. I have 100% equity in several prop...