Daniel Tanasa
How can I take some equity out from my rental portofolio!
Hello!
I just spoke with a lender that does HELOC and they told me they only do HELOC for primary homes, not for rentals. Have anybody worked with a lender that do do HELOC on rental properties as well? If yes, plea...
Account Closed
Using HELOC works best when refinancing BRRRR
Hello everyone, When using the BRRRR strategy I always notice the refinance has many questions. A Home Equity Line of Credit seems to be the best option to use when refinancing a property using the BRRRR.
I took ou...
Ryan Anderson
How Do You Use Your HELOC When Investing?
Hi everyone! I've been in the process of applying for a HELOC on my primary residence for real estate investment purposes, and have appreciated the insight and wisdom from this community regarding searching for a HELO...
Remone R.
Refinancing could be the way out
so I'm trying to understand the different types of refinancing and what would be best in my position. Here's the lowdown: I bought a 4 unit for 500k as owner occupied FHA 3.5% down and my current principal is 480k. As...
Mary Jay
How to get HELOC/ or other type of loan on a rental?
hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get s...
Tae C.
Refinance out of a HELOC with a new HELOC?
Hello all,I realize I can just call my local banks and even my current bank, but they’re not open at this hour..so...I inquire of the wonderful BP minds:Can you refinance out of your current HELOC into a new HELOC...w...
Jacob Trogan
Effect on Credit with HELOC - Also general HELOC questions
Hey everyone I believe I have had a recommendation for a HELOC with CACU here in Kansas City and I think they have a great product but it is not I/O payments. If I was told wrong or they do allow I/O payments let me k...
Hunter Motto
Refi+HELOC VS Cash Out VS 1st Lien HELOC
Hey friends- Making plans to Refi 3 properties we're holding that have higher rates and ~$300k in combined equity! In the COVID-19 financing climate locally, we're seeing higher interest rates for investment props and...
CJ Shade
Buying Duplex with Heloc, refinancing to pay off heloc?
Using the BRRRR strategy, I am in process of purchasing my first rental property, a duplex with a heloc on my primary residence. I plan to quickly rehab at least one of the units then move to the next. When I go to ...
Michael L.
To Heloc or Not to Heloc is my question?
I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?