Eugene Ricks
Screwed on 1st BRRRR
HelloJust completed my first BRRRR and got screwed.I acquired a HELCO on my 1st Rental property for $72,000 @ 8.5% then purchased a triplex for $43,000, rehabbed using $24,000. Total invested $67,000. I used the sa...
Stephanie Wells
HELOC For Down Payment + Using Cash Out Refinance to Pay it Off?
Looking to either HELOC or COR on a duplex I have to get some cash to use as a down payment for another investment property. Although we'd get more cash from the COR (about 160K) the fees are insane, and I'm not sure ...
David Cam
Accessing Equity in Personal Home (HELOC)
Hello, I have another question regarding accessing the equity in my home to purchase my second income property. I'm leaning towards the HELOC option to use as a down payment for my second income property. Any thoughts...
Shanna Gregory
Help! Should I use a HELOC to buy my 1st Investment Property
Hello, I am new to investing. I currently own a home and have acquired some equity and I am looking to take out a HELOC. The plan is to either use this HELOC to buy a property outright for about 30K-50K, rehab it myse...
Kwok Wong
Seeking Advice on HELOC Dilemma
Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake. I used a HELOC on my primary residence to purchase a long term rental investment property. Subsequ...
Dejuan Calloway
Heloc on investment property
I have a rental property now that I wanted to take a Heloc out on this this possible and how?
Susan Maneck
Limit on mortgages
I have a question regarding the Fannie Mae restrictions on the number of mortgages. Two of my houses are financed by first place HELOCs. Would those count towards the four they want to allow?
Steve Francis
HELOC as down payment
Hello all,I've been looking for my first rental property for almost a year now and have found one that looks to cash flow about $400 a month. I don't have the capital for the 25% down payment but have a 50k HELOC on m...
Vinay Kolluru
Cash out refi allowed on a house that already has a HELOC?
If I have a house that is paid off and has a HELOC on it, would I be allowed to do a cash out refinance on that same house? Since there is no primary mortgage, I think the HELOC would be in 1st lien postion and the ne...
Blake Wilson
Using a HELOC/Home Equity Loan for down payment
I am in the process of talking to banks about taking out a HELOC or Home Equity Loan on my residence which I plan to use for a down payment on a first rental property. I am having trouble wrapping my head around a co...