Mitchell Hein
HELOC on rental property (duplex) in Texas
Hello,I know this has been posted a few times, but as the landscape for these products tends to change frequently, is anyone aware of any lenders that are offering HELOCs on a rental property (duplex specifically) in ...
Paul Dario Jr
Do lenders ever call on HELOC early for full payment
Hey all. I’ve secured a HELOC in order to finance my backyard ADU build. Already have plans drawn and getting ready to submit for permitting. But I’m getting a bit of cold feet regarding the HELOC. Assuming I draw $10...
Ryen Farnworth
HELOC or cash on hand for down payment
Hello! This is my first post here. I’m currently living in a rental, own a property that is rented out and buying a new primary residence. I’m trying to figure out if I should use the cash reserves I have for a down p...
Curtis C.
Purchasing First Rental Property With Cash: Then taking Money out with HELOC
I am looking to acquire my first rental property. I often read how people leverage their money with hard money or private money. I am very conservative, and like to keep my debt ratio as low as possible, and as such ...
Sam H.
HELOC, HEL, or 2nd Mortgage to finance Second Home
Hello! I am looking into purchasing a second (vacation) home and would love to hear your thought on the pros and cons of going a conventional 30-year second mortgage vs. using a HELOC or Home Equity Loan on my Primar...
William Smithson
HELOC for Down Payment
Hello!I am a new real estate investor. I have a fair amount of equity in my current house due to house hacking (~100k). I want to use it to purchase a rental property in the area. I know there are options with HELOC o...
Mat Poole
Using a HELOC for financing
I have some equity in my current residence that I’d like to use as a down payment on a long term rental. Would the average lender be against using a HELOC to do this? How would it affect my debt to income?
Raj Ga
HELOC to buy rental property, cash-out or not, tax benefits
Questions:
1. If I use HELOC to buy property outright and turn around do cash-out refi on rental property, would be interest rate will be .25 higher?
2. Has any one use HELOC to buy property outright and use rent to...
Darsh Patel
HELOC on my investment property?
Hi, I have an investment property in the Orlando area and I am looking to get a HELOC on the property. The lender that gave me the primary mortgage says that he can't do it because it is an investment property and oth...
Benjamin Pifer
Using HELOC for BRRRR
I'm thinking of using a HELOC to fund most if not all of my first BRRRR deal. I own 100% equity in my home. What was it like using HELOC for a BRRRR deal for those who have done it? Are there any problems with this ta...