Hi everyone! Has anyone heard or even used a home equity investment loan? From what I’m reading it basically looks like a 10 year interest free loan against the equity you have in your home. I was just curious if anyo...
I have about $26,000 of equity in my current home I’m living in. Can I take out a home equity loan to purchase my first rental property to use to cover the down payment, closing costs, etc. without having to actually...
Wanting to put a down payment on a flip using either fixed rate equity loan or HELOC. Which is a better choice?
Is it possible to get a HEL OR HELOC on non owner occupied properties?
If so anybody know a bank in Chicago or that funds in IL?
Hi BP Members,I recently closed a Home Equity Loan on an investment property with TechCU. I got a fixed 5.375% 15 loan with 70LTV. The whole process took some time but I thought it was a good deal. I know a lot of fol...
Has anyone done a HELOC or equity loan on investment property in Texas? Talked with a couple lenders that only hold 1st lien positions on investments.
I converted my former primary residence into a rental in 2022. Would I be able to take a home equity loan against this property to buy another property in Mexico? At some point I may want to sell the SFR? Is that p...
Hi there! I've been scouring the internet looking for an option here. I understand TX does not allow for traditional HELOCs on investment pieces. I have a buttload of equity in an investment property that I would like...
Looking to get a home equity loan on my house in Skokie (Chicago Suburb). Thoughts on best products out there in this area? Thanks!
Forgive me if this has been asked before. I have searched and haven't found anything.
I am trying to figure out all of the tax pitfalls when it comes to using a home equity loan to purchase additional rentals.
Her...