Hello Everyone!I bought my first house a year ago and I have been house hacking by renting the two extra bedrooms on AIRBNB. I have gotten some advice that it would be a good time to get a HELOC on the property before...
Hi All,I'm considering a HELOC to help with a small portion of a down payment on a property. However, if I do move forward and take out a HELOC and then turnaround a week later and apply for a mortgage loan, won't I g...
Hi BP, does bank, for example PNC bank in NJ new jersey, require occupancy of primary for HELOC? Having lived in one side of 2 unit for 10+ years, therefore more than the 1 year expected occupancy to satisfy 1st mortg...
I saw a video by Miles Golden and he said you change transfer your primary mortgage to a HELOC, and then you can pay all your bills out of the HELOC and pay off your mortgage in 3-12 years. Is this really possible? ...
Hi All,
My parents have been kind enough to offer me access to a HELOC on their primary residence. I have been buying student rentals and been doing well so far. They have seen my success and offered to help me grow ...
Does anyone know if it's possible to get a 1st Lien HELOC on investment properties? If so, what banks/lenders will do this? Any lenders have insight into this?
Hey everyone! I'm starting the process of looking for my first investment property in the Tampa Bay area. Due to the increase of interest rates currently, do you all see HELOCs as a good option for a downpayment on a...
I have been told banks will not provide a HELOC on a investment property. Does anyone have experience with this? I am doing a BRRRR and I’m fine with doing a CO Refi but HELOC might give me more to reinvest. Seems ban...
Hey BP,I'm truly trying to get a firm grasp on how a HELOC works. My wife and I are currently considering taking one out on the property we live in to purchase our first rental property. The problem is I'm still unsur...
Hello everybody. I have a few rental properties and I am looking to purchase more. I am looking to get a HELOC to fund my next deal. Anybody here do this? If so, which banks would you suggest?Thanks Steve