Dulce Beltran
How to Avoid Interest w/A HELOC
I recently have educated myself on paying down debt at a rapid rate and find myself exploring the creative finance world. Hypothetical ScenerioYou have two HELOC’s both at $100,000 credit line. You use HELOC#1 to Pay ...
Sean Pour
Using HELOC on Primary Residence to Buy Future Home
I have a home equity line of credit against my primary residence. I am planning to move to a larger house and would like to use HELOC as a portion of my down payment. Are there any regulations limiting the use of HELO...
Jacob Yang
HELOC on primary resident to purchase rental properties
Hi,
I'm new to RE investing and need some guidance from BP experts. I plan to apply for HELOC on my primary resident, which I plan to use for down payments for rental properties. (yes, my goal is to purchase multiple...
Ron Na
heloc on income property
Any suggestions on finding a lender that will do a heloc on income property that has no mortgage? I'm located in Minnesota.The heloc for income property is considered risky because priority of payment under duress ten...
David O.
cons of using HELOC to buy investment property
I am thinking about taking out a HELOC (~$1M) to buy rental properties. I do not have any rental properties in mind yet and am planning to apply for a HELOC, after approval I will then look for suitable properties to ...
Shane Elias-Calles
Pay Off Debt Or Invest?
Hey BP Here is a current situation I need some advice on.Currently have 45k in liquid cash, and 60k on a HELOC. On the debt side I have a 9k car loan, and 7.5k on a zero interest credit card. Should I pay off the deb...
Derek Young
HELOC on investment property
Hi all,
I’m looking to acquire a HELOC on my primary residence that Ive just started renting out. I’m currently living with my girlfriend at her place so this is my only property and it’s in my name (lender would not...
Ron Gallagher
HELOC on an investment property
I am going to apply for a HELOC for an investment property I own free and clear and then do the B(A)RRRR strategy. I have learned that TD Bank, Wells Fargo, and PenFed CU all offer HELOCs on rental properties. Is an...
Brian Ketner
Buy with Cash from HELOC and payoff or Get a mortgage???
So right now I have about 65K through a HELOC I am looking to get into my 1st property. So reading on the BRRRR method and talking to some local investors, the opinions are the opposite end of the spectrum....BRRRR wo...
Ken Gurta
Need lending advice quickly! Thank you
I have been working with a local credit union for almost 3 months on getting a Heloc. The Heloc limit is to be around $68,000. I plan on using most of that as 20% down payments on 2 houses that just became rehabbed an...