Patrick M.
HELOC with Variable Rate
We have 50k cash available for down payment and own a property free and clear so would like to make use of a HELOC either for additional down payment, Reno's OR if we have all our cash tied up in a down payment using ...
Ernesto Correa
Do HELOC loans make sense after new Tax reform?
Due to the new restrictions on HELOC loans of not being able to deduct the interest paid, do they make sense to open?
Mike Applegate
HELOC Buy and Hold REI
I have about $100k equity in my primary home and we are thinking about setting up a HELOC to purchase a rental property instead of Hard or Private money loans. Looking for opinions?
Jeff Moule
HELOC write-off when used for purchase of property
We used our existing HELOC for a 100% purchase of our latest rental property towards the end of last year. Can we write off the amount of the interest, $1446, as an expense for the rental property? The interest rate ...
Andrew Simms
Primary Residence - HELOC - PMI - First Deal
Hi all,I have been a BiggerPockets lurker for quite a while. My wife and I are looking to get into buy and hold rentals in the Southeast. Our plan is to use the BRRRR strategy with a HELOC on our primary residence as ...
Brandon Neiss
Cross-collaterlization to secure a larger HELOC
Good Evening - I'll cut right to the chase. I am looking at an REO property where the bank will only accept a cash deal. Have any of you had success in cross-collateralizing your properties to secure a higher HELOC or...
Thomas Klein
HELOC or Cash Out Refinance
I purchased a rental (single family) in Fort Lauderdale with 2 HELOCS. ($215,000)
The first HELOC was from a free and clear property for $112,000. That is an interest only at 3.75% (adjusted, in Feb it was 5.5%) of 7...
Travis Morris
Heloc vs Conventional for buy & hold
Need some advice on whether to purchase a rental property (160k) with a already established Heloc that currently has a zero balance or doing conventional financing. Conventional is at 5.25% with 2% points roughly ($3...
Stephen Jones
Quick question regarding a HELOC
BP,I applied for a HELOC around 3 years ago and got approved for 60K. My question is, after substantially paying against the note and my house going up in value over the last 3 years, am I able to re-apply to potentia...
Albert Ngo
BRRR pay off gone wrong
Attempted the BRRR and thought I was in the clear until the "repeat" step when I discovered my HELOC (which was used as my funding for construction) has now been closed for the past week. My plan was to keep the HELOC...