Payton Pearson
Simple Calculation for Determining HELOC Credit Line
Hey guys,I know HELOCs are rather intimidating. It's a difficult calculation to figure out at first (at least it is/was for me! I went months without understanding how it worked), but here is a simple calculation for ...
Andre Galaviz
Is getting a HELOC on my primary a good strategy to start a hack?
Hello BP!
My wife and I are planning on renting the downstairs portion of our house to start our investment journey. To do this we're going to add an additional room and a kitchen area to make it a 2 bed/1 bath. The ...
Brandon Combs
Looking to get a HELOC from my home to start investing.
Brand new to real estate investing. I own a home and have good equity in it so I’m thinking of getting a HELOC from my home to help buy my first short term rental property. I don’t have much cash to my name so would...
Tam Tram
HELOC have you been approved in the past 1-2 months?
Has anyone been successful in getting a HELOC in the past 1-2 months? Just curious, I am hearing banks are tightening up... wasn't sure if I should go and get a HELOC on my primary home and be successful. DTI is 23....
Ethan Kramer
How to calculate HELOC and cash out refinance?
Terribly sorry if this has been asked before, how do I calculate the maximum cash-out refinance amount I can do if I already have a HELOC on my primary residence?Primary residence is valued at $375k$150k mortgage bala...
Timothy Casallas
Noobie Question on Refinancing
This is going to be a real n00b question but I am new and I always get confused about refinancing. The down and dirty is I bought a house for 135k with a VA loan so 0% down payment. 2 years later the house is appraise...
Account Closed
Quick Advice for Financing Strategy- HELOC and mortgages
Hi everyone!Just looking for some advice: My personal residence is paid off and worth the equivalent of 4-5 prospective rental properties. I do not have any investment property mortgages (buy and hold rentals) yet and...
Karen Johnson
Planning to Purchase With HELOC Funds. Need Help With The Basics.
Hello fellow BPers!
I've been reading related posts on the forums, but I need someone to explain a few things to me slowly and carefully, LOL.
Here is what I would like to do:
-Take out a HELOC on one of my invest...
Erick Arana
HELOC for Down Payment
Hello I would like your opinion regarding using a HELOC for downpayment for my next investment property. I would purchase a multifamily and house hack and this should help limit the risk. Most videos I have seen state...
Ryan Plante
HELOC or 2nd Mortgage?!
Hey all!I built the house my wife and I are living in a few years ago for $500k, and it’s currently appraised at $850k. So we’ve got a good chunk of equity I’m wanting to leverage. I currently don’t have any rental p...