Hello!
Has anyone used a HECOC to purchase investment properties? Really I would like to hear thoughts on using a HELOC vs simply refinancing. I currently own a rental property that I owe about 95k on and it could ap...
HI BP community, I have called several banks and credit unions to get a HELOC for my investment property in Las Vegas , NV but until this day I have not found a lending company/ institution to help me with this ord...
Hi BP! My husband and I live in the SF Bay Area where home prices have risen substantially in past years. We want to leverage some of our home equity and use that equity as down payment for our 2nd rental prop. We'...
Can you get HELOC on rental property or is it only on Personal homes?
Has anyone purchased property using a home equity line of credit, HELOC? I curious to hear your experiences, good & bad.
I just got my heloc setup and probably going to brrrr some cheap houses but just wondering how to calculate the payments for the heloc with a 7.49 rate, i took out 20k and my monthly payments would be 300 a month is t...
Hello,
I currently live in a single family home and also own a rental condo (cash flowing ~$300 per month). I am looking to buy a duplex in my area and house hack while also renting out the single family home I curr...
Folks,I was in the process of increasing my HELOC limit when BoA mentioned there is a new FHA limitation on HELOCs where the total number of mortgages someone can have in order to have a HELOC (bear in mind I was just...
Would anyone refinance their home and hold the equity of it to have enough money for when more affordable homes come up (possibly during the down turn of the market)?
Hello To All! I’m a new investor (speaking into existence) and I feel like I’m in a dilemma trying to choose a CashOut Refi or HELOC on my primary residence. Ultimate goal is to finance the down payment and closing co...