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...
Erick Arana
Heloc and DSCR option
Hello everyone,I am interested in pulling equity out of my investment property through a HELOC but some of the lenders and banks I spoke to state that no one offers HELOC's on investment properties. Does anyone know o...
Scott Ellis
Repaid HELOC - Does it need to season?
Here's my scenario with hypothetical numbers. I'm in Spokane, WA.I have a $50K HELOC that is maxed out. I have a personal line of credit for $50K with a $0 balance.I can use a HELOC for a down payment on a convention...
Tejas Shah
HELOC on Rental properties - Myth or reality !!
Hello all - I am sure i am not the first one to think about this, but is getting HELOC on rental properties not a thing anymore !!I have about 7 units (mix of commerical and residential) with good cash flow on all of ...
Tucker Cummings
Refinance vs. Holding & HELOC
I've just purchased my first property in cash, with the goal of doing a BRRRR strategy. However, I haven't borrowed any money for the property, so I'm not obligated to pay anyone back (other than myself), and I'm wond...
Emmanuel Fregene
Refinancing out of a HELOC
Hello, all!I’m trying to get a better grasp on HELOCS as it relates to the BRRRR strategy:Let’s say you use a HELOC to buy a property. Once you’ve done the rehab and rent, how exactly does the process of getting your ...
Richard Anderson
Pre-approval and then HELOC? Or other way around?
Howdy, If anyone wouldn't mind sharing, I have a question about financing. My wife and I are planning on buy-and-hold and are trying to figure out the best way to start the ball rolling in regards to finances. We have...
Timothy Yen
HELOC for a down payment on investment property?
Hi BP community!My mortgage banker suggests that apply for a HELOC on my private house and use those funds for a down payment on a rental property (2-4 units) my goal is cash flow of 10% and appreciation with the reha...
Mike Lee
is a HELOC replacing mortgage a good strategy?
Hello all, Just bought a condo last year as a personal residence in Chino Hills, CA. I stumbled across some readings about HELOC's and how it helps pay the home mortgage down faster and paying less intrest. On top o...
Michelle Harrington
HELOC, Home Equity Loan or Your Savings?
Hello Bigger Pockets Family!
Just wondering, if you are a new investor buying a rental property and you have an equity from your personal home, which one would you use for a DP? HELOC, Home Equity Loan, or your savi...