Doug Fluckiger
HELOCs for down payments—the perpetual stall?
Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...
Casey Gregersen
HELOC up to 90% LTV in Texas
Recent Bigger Pockets episode motivated me to reach out to US Bank about their mortgages and loan products. I found out that they are one of the few banks that will do 90% LTV on HELOCS. Most I usually see is 75-80%...
Christopher Brown
HELOC - Choose lower short term or long term rate
I'll start off by saying I'm a newbie. I love BP!My wife and I are looking to fund our first deal. We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab f...
Account Closed
Purchasing Property with HELOC?
Me and my fiance have purchased our first home, a single family home near downtown Indianapolis. We put 20% down on this home (~67k) and have recently been introduced to a very attractive investment property in the ar...
Account Closed
Looking for heloc help
Good morning. I have a 3 unit property in the Pennsylvania area. I was thinking of taking out a heloc on the property to take advantage of the increase in value of the property. Can anyone recommend a lender who does ...
Sean Salandy
Danger in Using Home Equity Line to Purchase Real Estate
I am planning to use my home equity line of credit that I received on my primary residence to put a down payment on a rental property. During the application process for the HELOC, I told the bank that I would be usin...
Matthew Carducci
HELOC - Investment property in SC (reside in TX)
Good morning BP. I'm interested in locating a bank to provide a HELOC on an investment property with ~130-140k of equity. I starting scouring the internet and bigger institutions and it seems the lenders doing HELOC...
Matt Hulsman
Borrowing Against My House
Hi everyone! I wanted to start a thread on borrowing against my house. I have a home in Portland, OR that has about (just guessing) 75-100K in equity. I'm looking at buying a 150-200K condo in Scottsdale, AZ with a go...
Reid McCutcheon
HELOC purchase into a conventional refinance
Hi, Question on whether or not we should apply for another HELOC and how that may affect our ability to refinance into a conventional loan later on.We currently have a $150000 HELOC based on a few rentals. A little ov...
Ryan Marble
HELOC to buy STR's?
Is it a bad idea to use a HELOC to pay the down payment for my first short term rental investment? And how do I factor that in the Cash on Cash return when analyzing properties? I'm still trying to learn all I can as ...