Hi there,I'm having a really hard time getting a HELOC on an investment property in the Tacoma area. I have 13 properties and great income but I have been disqualified at one bank because I had too many properties (w...
Hi, My wife and I are putting together funding to start investing. We have been approved for a HELOC. The appraisal for our house came in quite a bit lower than we were expecting. Therefore we will need to secure trad...
I would like your opinion. If you have 20k cash and 30k in a HELOC what would you use for a downpayment?My thought is pay the downpayment with the HELOC and keep the cash as a reserve for needed repairs.
Good afternoon, I am a newbie with a SF and a MF. I have about $250K worth of equity in the MF, which is my primary residence. Can I apply for a HELOC and a new purchase for a MF at the same time?
Many sellers ask for "cash only" for their properties. If you have a HELOC that has enough line to cover the price, does that qualify to be a Cash only offer?
Hey! I used a HELOC for property expenses. Is the interest on that HELOC a deductible expense against that property's income?
Hi There!Hoping I could please get some help with some newbie questions. Let's say I have a $150,000 HELOC and i'd like to purchase a SFH out of state which I plan to buy and hold. -Can I use a HELOC to purchase fro...
Hello,Our back up contract was unexpectedly accepted so the timing on everything shifted before we had everything lined up. Hence, we are about to close on a mortgage for an investment property and we are in the appli...
Hi I wanted to bring up a hypothetical scenario and get reader opinions on it. Suppose a have a large heloc on my primary residence. There is no other debt on that property and the heloc has zero balance. If I want to...
My wife and I are looking to buy some rental property. We have a home equity line of credit that we could use for a down payment. Our idea was that after the purchase we could refinance and take our HELOC money out t...