Andrew Rader
Is it smart to use HELOC as a cash offer for investment property?
Hello! I have recently discovered the HELOC tool but was wondering how to best use it. To me, it does not make sense to use for a down payment since the return on the property would have to cover the new loan and HELO...
Andrey Y.
HELOC vs. cash-out to buy future investments cash
What are your thoughts on this? If you wanted to pull out ~$150,000 from a free a clear property, to buy (immediately) 3-4 less expensive properties at a distance, would you opt for a cash-out refinance or a HELOC? I ...
Brittney Wright
HELOC for Investment Property
Hi, All!
I just applied for a HELOC with my credit union that is offering a 5 year draw, 15 year repayment at a 5.49% fixed rate. 4.99% fixed rate for a 10 year repayment. I went ahead with the 15 year repayment. Thi...
Eric C.
Possible to get HELOC at purchase
I am looking at buying a property with my long term girlfriend. We will be doing conventional financing with 20% down (me providing the down payment. Is it possible to do the purchase with a 50% first position loan...
Ryan McCook
HELOC on Rental Properties
Are there any lenders that offer HELOCs on investment properties? I have 25 properties and would love to somehow use those as collateral for a HELOC - either multiple helocs, or ideally, just one larger line of credit...
Glenn P Kakugawa
1st vs 2nd position HELOC advice
We are trying to decide whether to use 1st or 2nd position HELOC to fund our investment property down payment. Any advice is appreciated.
Account Closed
Philadelphia HELOC references? Recommendations?
Hey everyone!I am looking to start up a fix & flip business alongside my dad. Since my family's home where I grew up no longer has a mortgage, we were considering using a HELOC to cheaply start our fix & flip ...
Mike Schorah
Why does David Greene push a cash-out refinance with the BRRRR st
Why does David Greene push a cash-out refinance with the BRRRR strategy?Why not an “H” for the 3rd letter as in HELOC?Why won’t a HELOC work? Is a HELOC not as good as cash? And why does everyone recommend taking a ...
Michinori Kaneko
HELOC vs Home Equity Loan
Hi everyone,I purchased my primary resident in Queens, NY about 5 years ago. Thanks to crazy NY Real estate market, I have significant amount of equity on my PR which i'm considering tapping into to invest in other r...
Chris Ye
LLC payback to HELOC
We created a LLC to buy and hold rental properties. Because it is difficult for the new LLC to get bank loan, we applied a Home Equity Line of Credit (HELOC) under our own name. Our LLC has pur...