Samuel Cervantez
Using a HEL to Purchase 1st Investment?
Hello all, I am new here and wanted to see what yall have to say about this idea. I have been considering purchasing a property for some time and have seen that people have used a HEL (home equity loan) to make a purc...
Paul Dario Jr
Evaluating my option with HELOC's
Hey BP. I'm evaluating my HELOC options. I've applied with two banks/credit unions. Here are the details:Bank #1: approved for $98,600 @ 6.15% for 360 months. Rate is variable monthly. I don't believe an initial draw ...
Nicole Cutlip
HELOC on Primary Residence - What if I move?
A year ago, I took out a HELOC on my primary residence to finance two of my investment properties. I owe nothing on this house, so the line of credit is substantial. I now plan to move in with my significant other and...
Chris Cambridge
Lines of Credit And How They Work
Business credit lines for Real Estate Acquisitions and Business CapitalTired of paying high interest rates to hard money lenders?What about giving up half of your profits to a funding partner?An unsecured credit line ...
Gordon Wong
home equity line to purchase investment property?
I have a home equity line of credit for up to $100,000. The deadline to take out any money is Dec 2012. All the fees have been paid for already. A little info on the line of credit. APR is .25% less than the wall stre...
Matthew Glover
Tear down and build two in Nashville?
Hey BP Community, need your advice!I own half of a zero-lot-line home in Nashville. My neighbor, who owns the other half of the zero-lot-line home wants to sell. The home is located in a very nice area of Nashville o...
Account Closed
Financing credit line
Looking for referral to Private or Plubic lender. Want credit line product of $1,300,000 secured by $2.5 in equity, have high credit score. 48 years experience in real estate investing, management and development.
Ray Realdine
HELOC, Home Equity Loan, or Cash out Refi
Hi
I purchased a property on March of 2018, rehabbed it and now have it rented. I’m looking to purchase another single family home to rent out, but here’s my problem:
I’m not sure whether to pursue a Home Equity Line...
Matt Wells
Need title insurance if purchase a home by LOC and want to BRRRR?
If I purchase a home with a line of credit and plan on doing a BRRRR, do I need to purchase title insurance when I purchase the house, or should I not buy title insurance because I will have to buy title insurance whe...
Joel Reynolds
Property bought during 2nd half of year and depreciation
I am looking at some properties to purchase and was wondering if the amount of depreciation claimed changes if I bought the property in say the 3rd quarter of the year versus the 1st. I've seen a few different optio...