Tiffany Makiya
Heloc to renovate then cash out refi. Good idea?
I would like to pull out some equity from my primary property so I can start investing in real estate, but my house is in need of some renovation. Is it a good idea to take out a Heloc to do the renovation, then refin...
Taylor Green
Using primary residence HELOC to lend money?
Hi,
I was wondering if it was a good idea to lend money from a HELOC on your primary residence?
My thinking is if I own my primary residence free and clear, I take out a HELOC and use it to invest in le...
Harman N.
Cash-Out Refi & HELOC on the Same Property (does order matter?)
Hi all,When taking out a cash-out refi and HELOC on the same property, does the order in which you take them out matter? I'd like to get a cash-out refi on my primary residence given mortgage rates continue to be low,...
Michael Corbin
Using A Home Equity Line of Credit
Hi All,What is the best use of a HELOC ? or put another way, what shouldn't a HELOC be used for and why. Any thoughts, ( preferably from someone who actually used or is using a HELOC ).
Matt Duprel
How would you move forward?
Looking for suggestions on how to invest in my current situation. I have 2 SFH free and clear, each is roughly valued @ 300k. One is a rental the other is my primary residence. Have a good credit score and am intere...
Thea Linkfield
HELOC on a property I'm about to sell
Hey BP!I'm flipping a SFH in the Arlington Area of Jacksonville (32207) that I bought for cash. The property isn't going to be able to go on the market until at least mid january, meaning if it sells immediately we wo...
Account Closed
HELOC / Home Equity Loans Minimum amount??
Hello!
I have been looking all over BP and cannot find a "HELOC Guide"? I should pick up a book about real estate finance very soon... Any suggestions? I know the Book with no and low money down from BP Might be a go...
Nick Proffer
HELOC rental strategy
Have a question regarding HELOCS for rental. Turning my primary residence into a rental, currently needs some minor upgrades/repairs. Should I get a HELOC first, then refi? Or should I use credit cards (0% int until 2...
Julie Walker
Using HELOC as down pmt
Are there any rules against using a HELOC as a downpayment for a conventional, Non FHA loan? Or would it be better to use the HELOC as money in the game for a private lender or hard money lender and then refi with a...
Mike Taravella
Rental Income Disqualifies HELOC Refinance?
Hello BP Nation,My buddy is trying to pull out some equity from his house and told me that he because he received rental income from renting out his room that it disqualified him from using HELOC. He said he talked wi...