Rob Bianco
HELOC vs Refinancing
I'm looking to scale my rental portfolio in 2020. I've got a handful of rental properties stabilized and I'm ready to take equity out however my buddy recommended I consider applying for a HELOC on my properties inste...
Katharine Chartrand
HELOCs for investing
I am evaluating offers from several banks for HELOCs on my investment properties. Basically, after my houses are rehabbed and while they are on the market, it is sometimes good to be able to borrow against them wi...
Armando Payano
Open HELOC Strategys
Hello BPA few of our SFR property's we either own outright or have a large amount of equity in. One of them I have an open HELOC on. I am hoping to get another HELOC on a property I own. Our plan is is to use these li...
Michael Dunn
HELOC Question please ..........
Good Morning,How would my DTI be effected, assuming I take out a 10 year HELOC ( maybe I should opt for a 20 year ? )If I take out a 10 Year HELOC , won't my " Minimum " monthly payment be JUST the Interest ( If that'...
Paul Flynn
HELOC FOR INVESTMENT
Hello All.... Im looking to use a HELOC against the residence im now living in to finance purchasing a Duplex..... My question is once i use my HELOC ( Im probably going to use close to 100% of it ) and get my first p...
Tim S.
Question about HELOC
I want to use a HELOC to fund my next SFH purchase. I have never used a HELOC before.
Does it matter to the bank what the money is used for?
The house I would like to purchase is distressed. I doubt they would give ...
John T.
HELOC tax advantages?
Hello BP:We recently used a portion of our HELOC as a DP for our 2nd investment property. I'm reading that interest on a HELOC can be a tax deduction. Is this correct? Am I able to write off the HELOC (2nd investme...
Ebony Penton
HELOC alternative methods
Hi! Question for the experienced folks.
I’ve run into a slight problem. I thought I could utilize a HELOC on my investment property but DTI is high. I have a bridge/rehab loan. I thought I could use the HELOC but I ...
Lynn Anthony
Charlotte NC (HELOCs)
I am a newbie looking to get a HELOC through a local bank in Charlotte, NC that is willing to work with investors. Unfortunately, all the local real estate meetups have been cancelled due to the pandemic so I thought ...
Heshie Goldfein
Heloc guidelines question
I am doing some research into buying a an investment property using a heloc. My question is should I use different guidelines or analyze as I would if I was doing conventional financing? I am very nervous about doing ...