What happens to existing HELOC when u refinance? I'm thinking I should take advantage of the all time low rates but if I do will my HELOC have to be reapproved?
Hi all, quick question, I'm planning on moving a property into an LLC. I have a good amount of equity in the property so was thinking about taking out a personal HELOC before I deed the property into the LLC. Would th...
Currently, I have a property worth around 180k that was paid for in cash and I have yet to refinance the property. I also have a condo that has a conventional mortgage that is cashflow positive. Since I have all of ...
Is using a HELOC a good idea to buy my first investment property?
What strategy do you prefer to use to tap into your homes equity to use towards a purchase on an investment property? And why?
Hello, I'm looking for some advice. I found a property in my area that would produce decent cash flow and appreciation; however, I would have to use funds from a HELOC on a different rental property for the down payme...
Hi everyone,
My parents are interested in starting to BRRRR for investment properties, as my dad is a contractor who can oversee the rehab. This will be their first investment property purchase. My question is whethe...
Hello all- Would like a feedback response from the BP community I am contemplating between getting Heloc Versus Conventional loan for a Refi with cashout on Vacation home/ 2nd home. This home was bought for cash and...
I am in a situation where I am looking for some advice. I took a HELOC on my primary home few years back from bank #1. Earlier this year I took another HELOC from bank #2 and during the application I disclosed about ...
Hi all,I'm just starting to research getting a HELOC on my primary residence to use for capital for BRRRR projects. What are some things you wish you knew before using a HELOC for BRRRR? What are the most important th...