Ed Kelly
HELOC or pre-approved mortgage first
I plan on investing in a vacation rental in the smokies. I’d like to get a HELOC on my primary residence to help with the purchase and/or future unexpected expenses. One of my questions is should I be looking to get p...
Lance Foster
Cash out refinance or HELOC?
My wife and I are looking into a couple of different options to fund our first rental property. Originally we were looking to do a cash out refi on our house to get money for the down payment on the rental of 25%. Ide...
Jacob Howell
Should I use my HELOC to BRRRR?
I purchased a duplex for 80k and it’s worth about 140k, conventional loan, 25% down.
We then got a HELOC on our residence for $68k.
Really wanting to BRRRR soon and wondering if I should use my HELOC to pay off the...
Mary Jay
Can you please teach me about Heloc
I want to take a Heloc but always was scared of it...I want to open it just in case, sort of like if I lose my job, etc...1) Do I understand correctly, if I open a HELOC but do not borrow the money, then this I do not...
Gina Har
How Should I Analyze?
Which tool should I use to analyze a fixer property that I would like to live in for a year or two, then rent or sell?
Matt Rath
HELOC or Refinance first? for investment
I want to make sure I'm understanding this correctly.I bought a duplex at 175k, have 160k left for payoff, and did lots of updates so the estimated worth is over 200k. This would give me 20% equity and allow me to loo...
Yigal Dekalo
HELOC to pay off mortagage for my rental property
Hello Bigger Pokcets,I wonder if that discussion came up. Lets say you have a 200K and you have an equity of 120K. Let's ignore the feasibility of a HELOC for an investment home and focus on the financials.Would it be...
Malcolm Douglas
Contribute to 401k or pay down HELOC
Wanted to hear some peoples opinion on this question.Due to maximum loan restrictions for a 30 year fixed mortgage on a 2-unit building in Chicago, a portion of my loan is being financed through a HELOC. The interest...
Denice S.
HELOC in 1st Position and I Cannot verify its status
Hi BP Community, thanks for reading… I’m looking for some direction I’m pursuing a property via mortgage foreclosure auction.During my lien search at the county, I like everything I see except for this:There are 2 mor...
Mengzhu Rolff
Commercial real estate refinancing question
Hi guys, I'm a newbie for commercial real estate investment,I have a question about refinancing the property. I didn't have much money to buy this commercial apartment building, so I used HELOC as down payment to boug...