Dave Naphy
HELOC for investment properties
Hi BP community! If I use a HELOC for a down payment, will lenders still be willing to give me a conventional loan? The home is currently rented for $3,000 a month with tenants in place. I am located in southern New J...
Joe Einbinder
HELOC, or refinance??
Hi all. Hate to start on a cryptic note here, but my father passed away about a year ago. When that happened, I inherited a condo (free and cLear) which appraised for about $165k. I would like to use it to buy another...
Michael Cabral
Using a Heloc as a downpayment
Hi Everyone,I’m looking to buy my first rental property and I’ve seen countless videos and articles about using a HELOC for a downpayment on the property. I don’t have enough money for a downpayment but want to start ...
Andrew B.
How long is the HELOC process?
Hello all. I am currently saving up for my first investment property and doing research while I wait. Once I am ready to dive in, I plan on getting a HELOC on my primary residence to fund any rehab and assist with res...
Jon Huber
I have a HELOC, and recovered my cash... do I pay it off or reinvest?
I am an advocate of the BRRRR Method, and I have put this into action this year. I took out a HELOC last year, and got a great rate and am paying interest only for ten years. I used that HELOC to purchase two great ca...
Jordan Coates
Using Home Equity Line for Down Payment-I need some advice!
My wife and I are new investors with one single family rental in our "portfolio". In my area there are a lot of $80,000 or so homes that can be bought to rent at $800-$900 per month. The cash flow on these deals (wh...
Justin Lee
How do I open a Heloc on investment property in Louisiana?
Hi,My name is Justin Lee and I am a Realtor and investor. I own a duplex in New Orleans, LA and wanted to seek advice and guidance on getting a HELOC on an investment property. This home is owned free and clear. I do ...
Derrick Cameron Jenkins
HELOC to purchase and repeat
I found out that the Credit Union I bank with offers 95% LTV HELOCs. I am taking this route to avoid losing my 2.2% interest rate while still accessing my cash. My application is currently processing and should be abl...
Eric Malone
Help me understand Heloc Refinance Repeat
Please explain how this works. Im looking to take out a heloc on my first first property and use it as a down payment on a rental property. What i dont understand and need help breaking down is im told to refinance th...
Julia Beresfoes
Home equity to fund another purchase
Hello! Would you use equity in one of your homes as a cash out refi to obtain cash to purchase another investment? I am hesitant but I have $300k in equity and I would like to put it to use to work for me. Thoughts?