Scott Pennington
Sell my rental property to pay off CC debt
Should I sell my rental property to pay off CC debt or get an equity loan and have the tenants pay the loan?
J.M. M.
Home Equity Line of Credit (HELOC) issues...
Okay first the good news. PenFed is really amazing when it comes to HELOCs for a Rental Property. 80% LTV. Very fast response. I applied Friday and heard Monday I was approved, "when do you want the appraisal?". Appra...
James Lee
Home Sale Gain Exclusion - Qualification When Transferring Title
Hi,My parents recently transferred their paid-off primary residence (SFH) to me via quit claim deed. My original intent was to rehab the property, hold it out as a rental and open a HELOC on it to access the equity. H...
Bryan L.
Balance Transfer Credit Cards Question
I've recently been using some of those "0% Balance Transfer" cards to help fund my deals. They have a 0% introductory rate for 12 months or so, and you pay 3 points up front. That's incredible compared to hard-mo...
Gabriel Green-Lemons
BRRR'd a House w/Credit Cards. Now No More 0% interest BT offers!
Hey BP family! I've run into a bit of an issue. I bought & rehabbed a house from 1000 miles away using my personal credit line. Now there are no more 0% interest balance transfer offers available from one of my ba...
Lynn Jacobsen
Finding a bank...
We currently have Wells Fargo and of course need to transfer money in significant amounts. Our issue is that we are overseas and need to do this stuff on line or at least on the telephone (I mistakenly thought that in...
Jason Yarusi
re: taking over existing mortgage
If I was to take on an existing mortgage what steps do I need to take to transfer title and mortgage into my name. I would like to put it in my name so I can apply for an HEC.Thank you.
Patrick Padovano
Building investment prop, what account should I make draws from?
I’m building my first rental property on a piece of raw land I recently bought under my name. I plan to eventually transfer it into an llc I created once it is rented, and refinanced. Would it still make sense to open...
Jordan Blit
1st Time Buy and Hold Strategy using home equity for financing
My strategy is to secure a line of credit on the equity in my current home and use that to buy and hold a rental property under my name before transferring it to an LLC. The next step in the plan is to pay off the lin...
Frank S.
Using a HELOC to Flip - How does it work?
A local credit union has approved us for a 100% LTV HELOC on my primary residence. I will be able to access a line of credit of approximately $130,000 (Which will be more than enough for flips im looking at). I guess ...