Kevin Clayton
Refi pull money out Vs HELOC
Looking at finance options to leverage an investment property. Creating an LLC to transfer the property into and looking to build credit/ establish the loan via the LLC. As rates rise I’m wondering if it makes more s...
Jessica Seppo
HELOC on Primary Residence
Hi Guys!Question in regards my primary residence HELOC. My husband and I recently got the HELOC and plan to rent out our home and move. Technically would our HELOC close once we apply for a mortgage through a new lend...
Mitzmichael Sumilang
HELOC or Refinance, which to choose?
I'm trying to research the best way to go about this. I went on lendingtree.com to get some refinance quotes, and now my phone won't stop ringing. My question to you fine folks is, what is the pros and cons of going w...
Stephen Daniel Pace
Using a HELOC for first property
Hi BP! I’m looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I’d like to use it as a down payment or cash purchase for my first investment property ...
Brandon Shaffer
HELOC- Lessons Learned?
Hey BP! My wife and I are now up to three properties and are brainstorming some of the creative ways to raise/leverage capital. I have about $160k in equity from my first home and am considering a HELOC in order to hu...
Michelle F.
Which Banks/ Credit Unions will do a HELOC on investment property
Hello,Does anyone know any banks / credit unions that are doing HELOC / equity line of credit on investment properties?I know First Tech and PenFed are, but they both have a limit of 4 financed investment properties, ...
Shangke Zhang
Should I sell or rent it and use HELOC to get my second property
Hi, I am located in Southern Utah. Recently, with some life updates, I have considered upgrading to a bigger place. Right now, I own a 3 bed 2.5 bath townhouse with equity of around 149K. If I rent it out as a whole u...
Tracy Graham
Refi portion of the BRRRR
Need feedback please. After the rehab is done on a property and the tenant moves in, I have gone back to my loan officer and refi using a HELOC. Is this the best method or just do a simple cash out refi ??? I don’t...
Drew Cameron
Mortgage strategies
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Crystal Wilson
Denver girl getting my first HELOC
Is a heloc better than cash out refi. I own 2 condos both have 40-50 grand equity. Both rental properties. I love buy and hold and ready for burrr. What can I do to get a 4 plex? Determined to get one asap. Thanks!