Parker Maher
HELOC vs Home Equity Loan
Hi community,I am looking to get a HELOC or home equity loan. I most often hear about HELOC's so I think that's the best option since it's revolving, however, potentially more risky without the fixed rate.When it come...
Account Closed
NO HELOC for California rental property
Good morning! BP friends.
I called over 20 bank or mortgage company for HELOC Refinancing rencently. Only one company will do cash out refinancing for the California rental property but not HELOC. The property locate...
Liz Kazeva
Cash out dilemma: 100% equity, get a HELOC or a mortgage?
I have a multifamily property that I have made a lot of improvements to since it was purchased 1 year ago. I own it with a family member in an LLC. This person insists on getting a HELOC and their reason for it is bec...
Don Nelson
HELOC on Non-owner Occupied Property - Denver
Having a hard time finding a lender in Denver who can do a HELOC on a non-owner occupied property. The property is located in Commerce City. I have excellent credit. Property is currently worth about $300K, with $7...
Michael Myers
Lending to my LLC from HELOC on Primary Residence
Hey Everyone! Looking for some finance advice on this question to make sure I do it right and don’t get into some weird tax situation:I have a HELOC on my primary residence (held in my own name) that I would like to u...
Anna Catron
HELOC VS CASH OUT REFI
Working on our 3rd SFR. We're investing in Fort Worth, Texas. Can someone speak to me about which makes more financial sense, a cash out refinance or a HELOC. We're looking to put probably 30k into a property and h...
Jason Burr
Equity Line vs. ReFi for BRRRR strategy
Ok, this is most likely a simple question but I feel I'm putting too much thought into it and would like others thoughts and opinions. What are the pros/cons with going with a equity line on a rental property vs a re...
Trenton Mattson
Need some help getting into REI
Primary residence =$400k loan, appraisal $675k before upgrades, lived in for 3 years.
HELOC utilizing $125k for upgrades.
Mortgage $2200, rental comps $3200-3600.
Best way to proceed with getting into another hom...
Geoff Nielson
Cash-out Refi vs HELOC
Last November, I purchased a rental property. The house sits on 2 city lots. I am very interested in building a new home as a rental on the empty second lot. I've got a builder lined up and now I'm just working thr...
Hadley Faught
Heloc on current home to finance remodel on new house
My wife and i just closed on a new primary residence. We have decent equity in our current home, and want to turn it into a rental. However, we need to dump about 100,000 into the new home to update it the way we want...