Ryan Wilson
HELOC and then refi to avoid cash out rate
Wanted to know if there is away around the higher refi rates on a cash out. My thought is to get a HELOC, pull the cash, and then do a 1st refi, to pay off the HELOC. Would paying of the HELOC still be considered a ...
Michael Jobe
HELOC from Rental property owned under LLC
My wife and I are fairly new to real estate investing. We purchased our first rental last November. We are interested in purchasing another property, but considering using taking out a HELOC from the investment rental...
Alex Hsu
Buy outright vs finance when HELOC is involved?
So I have an opportunity to purchase a deal for $65,000. I understand the idea that if you only came out of pocket with only the downpayment vs buying the property outright, the CoC is typically better even though you...
Account Closed
Refinancing a Fix and flip as a personal home
Hi,I'm planning to buy a 3BD/1.5 BA house (cash) and using 0 % apr credit cards for a year to finance the rehab costs. After the rehab is done, I would rent the other 2 rooms which gives me plenty of cash flow to pay ...
Isaiah Jones
Is it a good idea to use a heloc to fund down payment.
Is it a good idea to use a heloc to fund a down payment for my first rental property.
Jake Hill
Rental Property Financing
Ok here’s my situation - Bought a house 3 years ago with the intention of flipping and then selling with in 4-5 years. We bought when interest rates were low (3%) and have a relatively inexpensive mortgage payment. Re...
Joshua Bailey
HELOC question to buy rental unit
I was planning on getting a heloc to pay the 20% down payment on a fourplex. They got back to me and said its easier for them to just pay my mortgage off with the heloc to obtain the cash I want. Interest rate in this...
Laura Owens
HML/PML who won't require me to pay off a HELOC to get a bridge
I'm in the process of exploring my options for obtaining a very short term bridge loan (30-90 days) and am reaching out for some guidance and recommendations. My goal is to find a hard or private money lender who will...
Vincent Q.
Heloc for down payment
Hello all,Im a new Investor, and need some advice. Please help!I am looking to obtain a heloc on my single family investment property and use the funds for a down payment on another investment property to rent out.I...
Julie Dillon
Can't get to my equity until later but want to buy now
I have a rental property that I can't sell till till next spring and it has about $70,000 in equity. I found some properties in another state that I want to buy now. I'd like to bundle them into one loan around the $2...