Ruby Ruiz
Buying second property
Hello everyone, learning real estate. I’m wondering on buying a second property using HELOC. Is it beneficial or what are the thoughts on that? Thanks!
Brandon Morgan
Using HELOC for purchasing rental property Vs. house flip
Hi all, So I recently got approved for a HELOC of 70k from my primary residence. I am just starting out in real estate but financing a home is very difficult. I have been thinking of using a Heloc to cover the down pa...
Kenneth Bentley
1st Lien HELOC
Has anyone used a HELOC on a rental property? I have equity in one of my houses but rent won't cover the mortgage if I cash out refinance. Looking for another way to pull out some cash. Also, I thought if I did a 1st ...
Tony Chiha
Buying a new rental with heloc
Hello I just bought a home for my family and I haven't even moved in yet waiting on the previous owners to leave in the next couple of months. We got a great deal on the property and we are going in with about $275k i...
Rami W.
HELOC called due before draw period ends
Shopping for a HELOC. A couple quick questions.Any reason, other than a due-on-sale or non-paying borrower, why a lender would call a HELOC due before the end of the draw period? Can they for any reason at any time?If...
Larry Miller
Buying a house using HELOC? Timing?
I am looking at using a Home Equity Line Of Credit (HELOC) to buy a house in San Antonio but I am new and don't know how the timing will work. I know you can get pre-approved for a typical mortgage and use that pre-ap...
JW Shields
Using my equity to purchase deals
I have a property that was my home and changed to a rental when I was traveling for work. I bought it as a foreclosure so I feel like I got a good deal. I have around 100K equity in the property. I want to know what...
AJ Wong
Why large Investment Property HELOC's are hard to qualify for and what to do instead
We've seen tremendous interest from investors seeking larger balance investment property HELOC's or home equity lines of credit. Understandably, investors are looking to tap or access increasing equity positions, many...
Marcus Hill
Financing with Personal Credit
Hello!
I recently refinanced my primary home, and am now looking into getting a HELOC to use to acquire a rental property. My plan is to BRRRR, which would include credit pulls for the purchase (hard money) and refi ...
Tim Kaminski
Appraisal high. Cash out or HELOC?
My first property just appraised way higher than I expected. Was in process of doing Cash Out Refi but now am hesitant since if I want to take out all available cash, my mortgage will most likely be making me lose mon...