Jason Y.
Heloc from primary residence vs Heloc from investment property
What are the restrictions on taking a HELOC from a primary residence vs taking a HELOC from an investment property?
I heard that HELOCS from a primary residence is usually used for remodeling and cannot be used for i...
Richard Pastor
getting a HELOC on investment property the Refi into DSCR
Hi allI have a strategy question for you all. I have purchased a 4 plex with hard money as well as used my HELOC from primary residence. I did a cash out refi on another investment property. The investment property is...
Matthew Conner
Home Equity/HELOC Before refinancing
Hello,In relation to the BRRRR strategy, has anyone done or looked into getting money back out post rehab/rent via a home equity loan or HELOC instead of refinancing? Or just using it to get money back out sooner than...
Alan Fong
Financing next home? HELOC?
I am currently renting but own 2 properties ~ both have 40-50% LTV. Both properties' rents cover all my expenses. My lease ends next year so I want to buy a small 1bedroom unit instead of renting. I do not plan to "re...
Brian Webb
Which path would you take to a HELOC in my situation?
My primary residence is a live-in rehab that is still ‘in process.’ The two remaining projects are finishing the yard (irrigation system, sidewalks, grass, fencing and flowerbeds/trees/bushes) and building a garage. I...
Rhett Z Begley
Can I do a 1031 exchange on a property that has a HELOC?
BP,
I have a property bought using a 1031 and I’m looking to do another 1031 to upgrade to a small multi-family. I currently have a zero-balance HELOC on it. If I use the HELOC (say, 20k of a 30k HELOC), can I still ...
Sean Haran
Can I put a HELOC on an investment property? Plus general advice on this deal…
Hello! I’m looking at a potential SFH property in Columbus. It’s on a big lot (almost 1 acre) in the Innis Garden Village area. Off market. Asking 115k, it is a small house zoned as a 1-bed but looks like they’ve adde...
Sayli Mulay
HELOC is affecting Refinance rate
I want to refinance my primary residence for lower interest rate but I have HELOC on it. Currently it’s all paid down. But in order to get the best refi rate I will have to close that heloc… due to subordination. My q...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Robert Sprague
Analyzing a property using a HELOC
Hello starting to analyze first time investment properties using a HELOC for down payment. How do I calculate if I'm using the HELOC with a fluctuating interest rate? How much more cash flow should I have above HELOC?...