Rachel Luoto
Private money HELOC
Hi BP,
How should I structure this partnership? My parents are willing to "play bank" out of their HELOC (variable rate 4.5% base).
What kind of agreement/return is typical?
Would you do this over a conventional lo...
Maarten Galantowicz
Obtaining HELOC Question
Hello community, My wife and I are interested in obtaining a HELOC on our primary residence, which is in both of our names. The mortgage is in my name. The purpose would be for obtaining an investment property. I woul...
Brian Barbuscia
Third Federal HELOC?
I am currently evaluating various HELOC products for BRRRR purposes and i am curious if anyone has used this HELOC product?https://www.thirdfederal.com/borrowing/home-equity...Prime -1.01% variable (4.49% currently) s...
Angel Rivera
contemplating a HELOC
I’ve got one rental with 75k in equity. I’ve been been cash flowing $500 a month on it for the last 2 years. It was my first home. I’m thinking of taking out a HELOC on it as a buffer and renting out the house I’m in ...
Mark Guenther
Refinancing vs. HELOC
When talking about the BRRRR strategy is the refinancing part essentially the same thing as a HELOC?New investor here , Just trying to clarify
Justin Thompson
Heloc towards Principal ??
Hey guys I’m new to Investing, just started escrow on my 1st property. 2 houses on 1 lot. I plan on house hacking. I watched a video where this guy was explaining how to pay off your mortgage in 5-7 years. He explaine...
Kyler Pace
HELOC Interest Deduction
I understand the new rules regarding the tax deductibility of HELOC interest, but I have a situation that isn't quite so straight forward. I have a HELOC and used a portion of it to pay off a silent second mortage on ...
Joshua S.
HELOC Mortgage Payoff
Hello, everyone. I'd like to start off by saying that I've already argued with people on this topic and I'm not looking to do that anymore especially with the same people since I've learned everything I can from them....
Joe Boggin
HELOC and appraisals?
how long after a gifted property is in my name before i can get a HELOC? do some banks have a minimum amount the will lend? i know banks lend in the 60-90% LTV, but what if the property only appraised for 47k?
wh...
Joe Boggin
HELOC approval DTI
my salary is modest. my primary residence is modest. taxes in NJ suck. my DTI now stands at around 38% with my note and all the goodies that come along with life. i was gifted a property with a decent amount of eq...