If I get a HELOC on my personal residence and then use the money to purchase properties in an LLC, how do I account for the interest? I would assume a note between me and my LLC would be needed. I would like to kee...

So today I go to get some cash out of my heloc. Guess not! It seems citibank has decided my house isnt worth what it used to be and my heloc is now suspended. You'd think these people would have at least sent me a let...

I am about a month away from closing on my first duplex in Queens, NY. The house will have approximately 300-400k equity in and I have another 120k in my residential home as well. As I read more on the forum, I'm cons...

what happens if you have been making the interest only payments on a HELOC for 10 years and then life throws a curve ball?  lets say over the course of 10 years you lost your job and you cant afford what the payments ...

Has anyone researched which lenders are offering the best terms on HELOCs recently.  I'm looking to access some home equity and if someone has done some leg work and is willing to share I'm all ears.  The local banks ...

Anyone experience any down sides to using LendingTree for a HELOC?

How long should it take for the application to close process take? The facts:Credit score 800Home appraised by bank: $300KHousehold income: $100KHome equity: $240ishNo debt8 weeks so far!Thanks

Hello All,

It is great feeling to join this forum.
Here is my situation and my questions:

Situation :

1) I bought an investment property (condo-1bd/1bt) using HELOC (prime + 1.25%) out of my re...

If you bought a house for say $10K cash and the appraised value is $40K could you immediately take out a HELOC? Or do you have to wait a year?

I was thinking about taking out a HELOC for a real estate investment. I have good credit, and so does my wife. We have a little cash reserves. She recently became employed after taking some time off, and I have an ...