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...
Alex Corral
Using the HELOC strategy to buy rentals
I am in the process of obtaining a HELOC on my primary, with plans to buy some rentals. I've been doing a lot of research on how to pay down the HELOC faster using it as a checking, and have some questions as things a...
Bryan Pham
Using HELOC to buy Rentals.
Hi BP,I am trying to explore an idea about HELOCing my current home to buy rental properties. Has anyone on BP done this before and what are the inherent risk I should be aware of before processing with this creative ...
Mario Richardson
HELOC ADVICE- Best Company
Hello BiggerPocket Family.....I need some general financing advice. We are somewhat beginners in real-estate. We have 6 doors of which we purchased utilizing 401K funds and refi cashouts. We have a combination of LTR,...
Alpesh Parmar
Need HELOC for a property under LLC
Hope everyone is staying indoors and healthy!
I acquired a property couple years ago and did a BRRRR on it. I put in total $70K and it's worth $100K now. I bought it under my LLC and I have been thinking of refinanci...
Brad Cherry
Using a HELOC on primary home to fund down payment
We have a good amount of equity in our primary home, is it a good idea to use a HELOC on that home to purchase our first and possible second investment property?
Shashitha Francis
Should We Refinance?
We have a rental property which technically was our first home and our mortgage rate is at 3%. We are currently looking to buy another rental property. But since the interest rates are higher now, just wanted to know ...
Robert Washington
HELOC vs Refinancing
Hello! I recently heard Henry Washington mentioning that he thinks BRRRR is a great strategy, however, he thinks that utilizing a HELOC would be more beneficial because you don't have to take the equity out of your ho...
Dean Klein
Cash out refi to pay off HELOCS?
Here's my situation, looking for input on the right move.
I took out 2 heloc loans on 2 investment properties for the down payments of two other properties earlier this year. The heloc payments are 1% of the balance...
Rich Emery
HELOC for down payment??
I'm fairly confused with the strategy to use a HELOC as a down payment on an investment property.... For example - I have a $50k HELOC available to me. Let's say I want to buy a $200k home and use the entire $50k HEL...