Erik Browning
Cash Out Refi's are now cheaper than HELOCs
HELOCs are no longer a favored option for this market.Before I give an example, it's a good idea to explain how HELOCs are calculated - because there are a lot of people on BP that do not know.HELOCs are adjustable, w...
Marianne Stratton
Unsecured Line of Credit
Hello everyone, I am in Delaware and have flipped 6 homes, all successfully, since I began flipping in 2015. They have all been funded with personal cash, except for the last one on which I drew on a personal HELOC. A...
Teague Anderson
Where do you guys keep your reserves
Where do you guys keep your reserve funds? It seems like a waste to just have them sitting in a checking or savings account, but other accounts usually either have risk, or make it hard to pull the money out. Does a...
Matt Crawford
Line of Credit on a 5+ Unit Building?
BP, I have a 7 unit apartment building that I have a bunch of equity in. Is it possible to get a line of credit on this property much like you would get a HELOC on a SFR? Right now, my only understanding to how to get...
Weng L.
Does down payment from line of credit need to be seasoned?
Does conventional loan lender allow you to withdraw money from personal line of credit or heloc as down payment of investment property ? or it has to be seasoned? Thanks
Bukki Fabiyi
Using Credit Line for downpayment??...Funding strategies
Hi AllI'm new to BiggerPockets but heard great things about this community so excited to join and learn from others. I live in New Jersey, work in New York and moved here from London, UK about 3 years ago. I have a pr...
Manuel Moreno Jr
Just Opened My First Business Bank Account, what should I do next?
My goal is to get more lines of credit to one day use for my property expenses and let my cash flow pay of the debt. Eventually potentially use to invest in more real estate. Any other recommendations would be great. ...
Daniel Patton
Corporate Veil
I know part of maintaining a corporate veil (LLC is my case) is to make sure you don't use business funds for personal use, but is it ok the other way around? i.e. using personal credit cards/bank accounts to fund bus...
David Sanford
What would you do with a $200k line of credit?
I just got approved for a $200k line of credit backed by a few of my rentals equity. My plan was to use the LOC to fund purchase/renovations of a house at a time to build up cash for my long term goal, however I'd lik...
Kevin Dee
BRRRR Method and proving cash accounts to seller
Hello! Quick question from a first timer in BRRRRr. It is fair to say that I'll be making an all cash offer if I'm going to utilizing my HELOC funds? The seller's broker needs proof of bank accounts. Let's say I have ...