Hey guys! I was wondering the pros and cons of using a HELOC to buy rentals. Personal experiences and how the terms were with your bank for the HELOC. I feel like its a good strategy and I'll most likely use a HELOC o...
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
What does the BP community think about 1st lien HELOCs as a way to free up equity in your primary home for investment purposes? If anyone has gone through the process, can you give any advice as to whether you recomme...
My wife and I are opening a HELOC on our current residence to have as backup for a property we are about to acquire. We should have the cash for down payment and rehabs but just wanted the money available for any unfo...
HI BP Community! I wanted to know if there are still bank that can do HELOC on rental properties in Nevada. How much is the running rate now? thanks!
Hi BP, New member here just starting my journey. I'm trying to learn as much as possible and already decided my initial financing strategy for my first property will be using the equity in my personal home. My questio...
When doing a heloc should I pay that heloc off before pulling another heloc?
Hey guys. Time for me to go back to newbie status since I am preparing to use a whole new method (to me) in my investing!This year, my goal is to do my first BRRR deal. I will likely be using a HELOC since I have a go...
When you run your numbers for calculating CoC ROI, do you consider money used from the HELOC as cash invested if you drew from a HELOC for a down payment? i.e. If I purchase a 500K house, and I draw 100K from a HELOC ...
Hi All,
Will maxing out HELOC before selling exiting property cause 1031 to be denied by IRS? HUD-1 only shows the amount used to pay off 1st mortgage and 2nd mortgage (HELOC) but not the data of fund drawing from HE...