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...
Eddie Quimby
Heloc against primary for investment
Hello BP my name is EddieI live in new Jersey I have a $265,000 mortgage on my primary residents with about 80,000 in equity. I am trying to purchase a rental property. 1 problem I am cash poor I have great credit and...
Chance Love
Can a HELOC be used on a future primary home as a down payment?
I've lived in my primary home for 10+ years that has a great amount of equity and I'm considering doing a HELOC and turning my current primary home into a rental which will produce great monthly cash flow based on the...
Bryana Voorhees
turning primary residence into STR with BRRRR
Hi!I bought my first house in Nov 2021 with an FHA loan. Did an extensive rehab on it and increased value by nearly double. I'm looking to now turn it into a STR and pull out my equity. I'm looking into HELOCs and Cas...
Josh Robbins
Is it wise to use a HELOC to fund a down payment?
Hi All,
Curious if anyone has some pros and cons to 100% finance a small multi family purchase with a 75% LTV conventional mortgage and 25% from a HELOC on your personal primary residence?
Thanks
Angel Miranda
Equity Loan, HELOC or cash out?
Hello BP, new member here. I'm looking to start my Real estate investment portfolio, but I'm a bit conflicted on how to get it going. I have a good amount of equity built-up on my home right now, but I'm a little hesi...
Murali Jesudoss
HELOC on Rental Portfolio
Hello All,I am trying to get HELOC on my rental properties with second lien using my equity from the properties to invest somewhere else. I have done couple using Signature Credit union and they check the income and c...
Jon Haney
Does a HELOC make sense in this situation?
Hi everyone,Currently I own two investment properties, and I’m considering taking a HELOC on my first property to cover a down payment for a third. This is my first time with any sort of creative financing, so I wante...
Jamar Brown
Cash out Refi or Heloc?
I've been thinking if I want to do a cash out refi or heloc on my primary residence. My current interest rate is 3.25%. If I did a COR at the today's current rates do you think it would average out to be the same if I...
Josh Hall
Best Financial Strategy
Hey everyone,I am looking for opinions on the best strategy for my future plans.I currently have around $100k in my home equity and $20k in personal savings. My plan is to renovate my current home, turn it into a rent...