Raymond Lau
How to approach saving money for first investment property
Hi I'm new to the forum and would like to get some insight on investment strategies to save for 1st rental property.My sister purchased her first SFR last year with conventional mortgage (20% down payment,30 yr fixed ...
Jack P.
Using home equity loan plus 401K loan for new primary in HCOL area versus renting
Hi all,We are planning on moving next year to a very high cost of living area. We are going to convert our current primary into a rental, and it will likely cash-flow well enough (including capex, maintenance, vacanc...
Diane Tycangco
Loan on Property 1 for Downpayment on Property 2
Hello! I have a question. If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Prope...
Shaun Freeman
Personal Loan vs. HML vs. Private Equity
Hi, I am in the beginning of my real estate investing journey and am working on getting my ducks in a row (doing all the research I can before I begin).I am wondering what the downsides using a personal loan for the B...
Eddie Starr
Options for HELOC/Equity Loan/Cash Out?
Overall, what have been your experiences for the best way to get one of these?1) The financial institute one has their primary mortgage with?2) A local, small town bank/credit union?3) A big, national bank?4) Or an on...
N/A N/A
Good bank for Equity Loans in Cincinnati
Hi, I'm wondering if there are any banks that are still working with equity loans in Cincinnati. I have two four family properties. I purchased them a bit under market value (one was a short sale). I put 25% down on e...
Allison B.
Commercial Loan using equity 3 family home
We own a 3 family investment property and currently have an LTV of 10%. We would love to use the equity in that home to buy another investment property, but have been told that banks won't give us a jumbo loan bec...
John Richards
Signature Line of Credit (Equity loan) liabilities?
Scenario:
House 'A' was entirely paid off. No outstanding loan. Primary residence (in Nevada).
Borrowed $ against house 'A' using a Signature Line of Credit HELOC (20yr. ARM) to purchase a single family residential...
Alan F.
Using home equity loan to buy foreclosures
Hello, I am interested in investment properties and I found this community through my brother. I currently have about 350 to 400k in equity in my personal residence and would like to use it as leverage to buy a multi...
Bruny C.
Cash Out Refi vs Home Equity Loan
I’m looking to cash out on a rental property that I currently have. I need to get as much cash I can so I can grow my portfolio.Equity: 50K What would be my best option and why: cash out refinance or home equity loan?...