Bill Bob
Buying first rental with HELOC
Hello all my name is William and I'm still on the hunt for my first property. I'm about to get my preapproval and hopefully my first property soon thereafter. The question I have is I was planning on using my HELOC fo...
Shane Woodman
How does a HELOC work?
I’m looking at using a HELOC to help fund my next rental property. I currently have two single family rentals that each have equity in them. Does it make sense to use a HELOC to help fund another rental property? What...
Alex Corral
Cash reserves vs HELOC
Say for example you have $100k in cash reserves, and also have $200k equity in your personal home. You want to buy a few homes for buy & hold rentals.
Is it better to first take out a HELOC, before using your ca...
Ryan Jones
$200k equity in home 2.75% int. rate - HELOC for stock investing?
We put $200k down on our home two years ago, 15 year 2.75% fixed rate. (really for peace of mind because I know I could earn more elsewhere) However, unless Trump is impeached this year, the stock market will probabl...
Ryan Daniel Palmer
How do I get a HELOC in Chicago?
I currently own a three-unit brick building in Avondale Chicago. I’ve completely renovated one unit and partially renovated/upgraded another. I currently owe $476,000 on it and it should appraise for $750,000+. At 75%...
Erika Baker
HELOC for downpayment on first property
I just recently opened a HELOC from my primary home to use for a down payment on my first investment property. I will finance the rest with a conventional loan. My question is, what is the smartest way to pay back the...
Ryan Havens
New to brrrr increasing interest blowing up my #s for refi
Ok so I did my first brrr - 2 r left.... Ok so I used a HELOC from my CA home interest rate 5.9 ten year for down and rehab. So I purchased and rehabbed with all bank's money. 30 fixed 5.5 / HELOC 5.9 -10year. I have ...
Dustin Sanders
HELOC for Self Employed (No W-2 Income)
Hey All,I’m interested in understanding what my HELOC options to potentially buy more real estate or to use for business purposes. I just recently got laid off from my job about a week ago though I am actively intervi...
Stephanie Gledhill
Who is doing Heloc's on Investment Properties
I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.I have a ...
Elizabeth Conklin
HELP! HELOC has resulted in drop in my credit score
Looking to all of you (the experts) to find out how I can successfully carry mortages on multiple properties without impacting my credit score. I have one conventional mortage on my STR and just starting drawing on ...