Daquille Ferguson
Cash out refi or HELOC
I have about 300k in equity in my single family home that I have never tapped into. I want to access this equity to invest into getting a second property. With interest rates on the rise I’m trying to decide if a Helo...
Shane C Tack
Managing your HELOC
I have a HELOC on my personal residence that I'm currently in the process of remodeling. I have good equity in the house so I pulled out a HELOC to help with the remodel expenses. Over the last year the interest rate ...
Jimmy Nguyen
Need help on Cash Out or Heloc for BRRRR Scenario
Hi All, Would love some advice!My Scenario:I have 3 properties total1st house - I have a mortgage on about 50k and I have a HELOC on it that I haven't used2nd house - house is paid off and I own free and clear, it is ...
Darrick Lowe
Home Equity Loan or HELOC for down payment
I'm looking at a property that would require 200k downpayment + closing costs. This would dramatically deplete my liquid assets. I was thinking of getting a Home equity loan (HEL) or a HELOC on my primary residence ...
Anthony Parsons
HELOC-Impacts on New Home Purchase
Hello. I am in the process of securing a HELOC and renting my current home out. I will be purchasing a second property within the next 3-4 years. How do HELOC's impact the purchasing power of a new home? I imagine...
Jordan Alexander
Should I use a heloc to add another property?
Need some advice.Have 2 rentals I've purchased in the last year but my cash is only at 15k and I am going to have to start using hard money or conventional 20% down financing. But also my home has about 60k in equity ...
Gerald Pitts
HELOC - INTEREST ONLY
I'm trying to wrap my head around whether a HELOC is a good idea for an investment property. I applied for a HELOC and got a "counter offer" for a HELOC - Interest Only. Is this a good strategy to use for making dow...
Jordan Stallard
What's your HELOC payoff strategy?
Hi everyone!
I am new to the BP community but was hoping someone could try to walk me through a couple of things in regards to a HELOC.
I recently was approved for 40k on a HELOC for my primary residence. I was want...
Chris Porter
HELOCs more of a liability or asset ?
Have become very frustrated trying to obtain financing on a second home (will also use as a short term rental). I thought a HELOC was a common way to obtain equity from your primary home and use as a down payment for...
Nathan Shankles
Where can I get a HELOC on an investment property?
My wife and I just bought our 4th property and we’d like to pull a HELOC on one of our investment properties as backup for our reserves and access to capital for financing deals. But we don’t know what banks offer HE...