Steve Weinstein
HELOC on Investment property
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
Patrick Smith
Thinking about getting a HELOC
I'm thinking about getting a HELOC to pay my mortgage off. I hear it can cut down on the time it would take to pay it down. Can anybody give me the pros and cons of doing this. I'm not sure about doing this and would ...
Adrianna Johnson
HELOC for first rental property
Hello,I am looking to invest in multifamily (which the inventory is low in my area right now) for the first time but I am curious about the pros and cons of using a HELOC for the down payment?Thank you!
Dave Row
HELOCs > $35K and FICO impact
Hi, I’ve read elsewhere (still looking for link) where FICO treats HELOC amounts > $35K more favorably than lesser amounts. IIRC, this has to do with calculating how the HELOC amount factors into your debt service...
Aaron W.
Cash Out Refi or HELOC
Own rental properties outright and am looking to add to our portfolio. Would you do a cash-out refi or a HELOC to finance our future property purchases? Why?
Zariyan S.
Mortgage is paid off, should I refinance house to buy investment?
Hello,My current house market value is ~$350,000 and paid off. My wife and I are interested in buying an investment property to rent. However, we don't have a sizable downpayment at the moment.Would it be worth refina...
Brandon Morgan
using home equity or HELOC as a down payment?
does anyone have any experience with using their current homes equity for down payment on another home? I have a lot of equity on my current home and was thinking of taking some out in the form of a HELOC as a down p...
Chukwudi Motanya
HELOCs for Investment Properties for SFH in GA
Hi All,
I am an investor in the Atlanta GA area with 8 SFH properties that have some equity in them that I would want to utilize with a HELOC. My properties all have 1st mortgages but trying to find a way to get a HE...
Nick Kelly
HELOC As Down Payment For Rentals
Hi Everyone!I just refinanced my duplex (owner opp) from an FHA to conventional to take advantage of lower interest rates and get rid of PMI. My goal is to acquire 1-2 residential multi family this year. Im consideri...
Paul Winka
Other than HELOC possible on rental property?
I talked to loan rep for an hour this week about using a HELOC on a rental property I own F&C only to find out later that day that they don't do that except for owner occupied homes. I am planning to call some oth...