Jake S.
HELOC vs Cash Out Refinance on Primary Residence
My home is fully paid for and I'm looking to use the equity to purchase more properties.Should I get a HELOC or just cash out refinance and lock in a lower rate?HELOC is more flexible, but is interest only and doesnt ...
Tim Kaminski
HELOC Investment Strategies
BP,Have acquired my first property February of 2018. Recently got a soft appraisal from my realtor and banker who told me they feel comfortable that I can get $50K out of the home to use on a new property. I'm in Ta...
Frank Trigoso
Recommended ways to effectively use the HELOC
What ways will you recommend to use the HELOC? I have 25k available. I am trying to puzzle together different ways to purchase another property by the using HELOC. Do you recommend using the HELOC as a down payment? I...
Alpesh Parmar
Need HELOC for a property under LLC
Hope everyone is staying indoors and healthy!
I acquired a property couple years ago and did a BRRRR on it. I put in total $70K and it's worth $100K now. I bought it under my LLC and I have been thinking of refinanci...
Jan Chan
HELOC and then use Refi to cover it?
Hi All,
This is my first post so be easy on me =)
Does it make sense to get a HELOC on the primary home and then get a Refi on an investment property to pay it off? I am currently holding two pr...
Frank Kolwe
Please Explain HELOC to Purchase First Property
So my wife and I have a significant amount of equity in our home. I am interested in using the equity via a HELOC to purchase my first rental property. I am curious as to how this process works and am looking for so...
Joseph Niedermeyer
Using HELOC to fund deals ?
We are planning to build our personal home in the next couple of years. In the design phase, I’m intentionally wanting to add features and value to later use as part of my long term funding strategy. We are a family o...
Mike Dymski
HELOC in South Carolina
Does anyone have a recommendation for lenders doing 1st mortgage HELOCs on investment property in SC (Greenville and Upstate SC)? I know lenders who do closed end HELoans on investment property but not HELOCs. Resid...
Zariyan S.
House paid off, should I buy a second property?
Hello,I currently have a paid off house and a HELOC Worth 250k, which I will be using to buy a rental property.My wife and I were thinking to get started we should buy another house where we would consider living for ...
Matt Medina
HELOC ADVICE FOR SECOND PROPERTY
Hello BP Community,
I purchased my first property 10 months ago in Temecula, CA. Since then, my home has gained approx 100-125k in equity.
I am now in a situation where I need to find a creative way to come up with...