My bank is offering 5.5% amortized over 15 years to tap equity in rentals I already own, for example.
My wife and I are looking to add a second property to our portfolio, we are looking to use the appreciated value of our first property to purchase the second. I am just looking for some help understanding how to calc...
I am interested in adding an addition onto my personal residence and am trying to determine what is the smarter financial decision for our situation.Our house currently has a good amount of equity to help fund the pro...
Hello BP community!
We have been getting several clients that want to use helocs as a down payment for their next purchase. In some situations I think it can work and in some other situations I think it can be risky....
Happy Labor Day to everyone! So here's my situation and I'm looking for guidance. My very first property that I've bought, a single family home, is about to be paid off by early next year, April 2020. I'm working on...
We currently have a $125k Heloc with Pen Fed interest only payments at Prime + 1% secured by a 2-unit rental property. Initially we got the Heloc setup with the intention to do remote BRRRR or flips, however my wife n...
Has anyone found cheap investment property HELOC lender in 2023?
I have purchased a home in cash, renovated in cash and now would like to finance it.
Looks as though HELOC would be best option. Who do you use for investment properties?
Alternatively should I eat the initial fees ...
I have about $200k in HELOCs and used them to make a cash offer on a property and then I can refinance into commercial or traditional mortgage after shopping around a bit.I have run into a problem with underwriting a ...
Hello everyone, so im thinking about using a heloc to tap into one of my properties equity and using that to acquire another investment property what i would like to know is how long does it typically take to pull a h...