My wife and I are needing some advice on if we should get a HELOC or not at this time.
Current situation:
We currently own a duplex, a short term rental in the Smokies and a primary residence. We currently live in ...
Is it possible to purchase a home outright for cash, get a HELOC on it to get $ for renovations, then get financing on the property after paying off the HELOC? Not sure if HELOCs are only available on homes that have ...
I’m looking to purchase my first property this year. I was leaning towards a cashout refi due to the locked in interest rate. But am now wondering if a HELOC would be the better option. How much ch does the interest r...
I have learned from different mentors I have in RENATUS that using lines of credit instead of loans (amortized) could be much more advantageous because of the leverage you have with lines of credit.My question to you ...
I applied for a HELOC. One of my goals is to grow my portfolio to 30 units. I currently have two properties, four units total. I understand that this money is borrowed money, so I dont want to have it locked in a deal...
Hi all,I'm pre-approved for a 122k HELOC for a 30 year fixed rate at 8.5%. Should I take this out to buy an investment property, functioning like an "all cash" purchase or should I use it as a down payment for a more ...
I currently have a duplex that I paid for in cash through a HELOC, approximately 70K of the 165K available in total. My net income per month is approximately $800 after all bills paid and future maintenance repair mon...
What is your HELOC strategy? I have two rental properties and I’m tempted to find a bank to open an equity line of credit so I can expand my portfolio. However, some investors I talk to say that is too risky. Others s...
I currently own a property that I utilize for short-term rentals. My existing mortgage has an interest rate of 4.5%, and I owe $247,000 remaining on it. I have approximately $100,000 in equity built up. I'm considerin...
I'm stuck in decision limbo on whether to use a HELOC or cash-out refi on my primary residence to fund my first investment property
I know all the basic benefits of the two options, HOWEVER ... I feel like this being...