Brian Kwan
How to Calculate Cash on Cash for HELOC?
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
Sarkis Gezalyan
Investing in second property with HELOC
Hello all , Newbie here trying to understand how many mortgages I will be stuck with. Let's say I have a million dollar home, with 500k equity in it. I would like to pull this out with a HELOC and put it as my down pa...
Sean Laney
Successful HELOC Loan Experiences
Hi BP Community, can you tell me how you have used your HELOC loans successfully to grow your portfolio/cash flow? What was the scenario/payback structure/ and result on cashflow? I would love to hear about your succe...
Eric Frye
Heloc on Primary residence for Rental
Hey BP, I am looking to get into REI and have been doing some research on getting a Heloc on my primary residence. I do have a good amount of equity in my current home, but I am more concerned on the details of after ...
Stefan Abel
BRRRR Financing in Huntsville / Birmingham, AL
Hi All,I am diving in this month and taking steps to BRRRR my first rental property in Huntsville and/or Birmingham, AL before the end of the year (hopefully sooner). First step is to secure financing and then on to b...
Salvador Olivares
What is the best way to pull out equity?
Hello, I wanted to know what would be the best way to pull out equity from my home to reinvest that into a rental property. I have a 3.30% interest rate on my current home. I know that the interest rates are a lot hig...
Ronald Vargas
Are there any restrictions using a HELOC to buy properties
I was wondering if i did a HELOC could i use that money buy any type of property or has anyone ever had restrictions when doing so. Also would a equity loan be better?
Johnny Vue
Using a HELOC and paying it back
Hi. I'm rather new to real estate investing and looking at purchasing my second property. I live in San Diego and it's expensive here. I have a few questions about using a HELOC to purchase an investment property. Bes...
Carlos Silva
Velocity Banking for paying off mortgages
Has anyone tried velocity banking? Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker? Are there any downsides to it?
Martin L.
HELOC or cash out refi?
I’m debating between the two right now for my first property. I’m looking to get a little more aggressive with some investing and want to get some cash on hand. Some basic details:
Value: 320k
Owed: 80k
Rent: 1350
...