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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 ...
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When talking about the BRRRR strategy is the refinancing part essentially the same thing as a HELOC?New investor here , Just trying to clarify
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...
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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 ...
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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....
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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...
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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...
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We just finished a standard refi on our 2-on-a-lot to get out of our FHA loan, and reduce our interest rate. It's finally finished (after 4-months) and we ended up getting a real low ball appraisal. We didn't challeng...
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can you take a heloc on a downpayment in a property to buy another property or is this not allowed.
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Hello!
I've got an investment property that I bought in '19 that has appreciated significantly- I have approx. $50k of equity just sitting there, and I've been trying to find a way to access it. Here is a run down of...