Lenny Eckstein
Loan that doesn’t require current home equity as collateral?
I’m about to buy my first investment property (rental condo) using 180k drawn from a heloc against my current home. My plan has been to search for a conventional loan, over the next few months, at a 30yr fixed rate to...
Cameron Leckliter
HELOC, refinance, or equity loan on paid off rental.
I currently own (through various circumstances) my only rental property outright. House has been a rental since 2016, 2/1 renting at 1100mo (which is on the low end). Based on similar houses its worth around 180k.So n...
Chris Webb
Buying a rental, using Home Equity Loan and Financing
I apologize in advance if this has been discussed. I have discussed something in the past relating to this, but this was more specific to my current situation. I did a quick skim and didn't seem to find the answer I w...
Aaron S.
Refinancing a high equity rental with interest only loan?
Hi All, I’m new to BP and appreciate any insight from the community. I own a rental in San Francisco which I bought and lived in for a few years starting in 2003. I’ve been renting it since 2006 and watching it apprec...
Matthew Rue
Seller Financing but Seller has a Home Equity Loan
We have a deal that is two homes totaling $350,000 with about $90,000 in a Home Equity Loan on the properties. We would like to do a Seller Financing deal but were advised to not do so if it has a HEL by an advisor.Sh...
James Burciaga
Type of Loan to pull out Investment property Equity?
What kind of loan should I be looking at? I have a rental property, single family, free and clear. I'd like to take out a loan on the equity to use for other investments. I'm in Texas. This is not my primary residen...
CindiLoo Hoo
Best Loan Option-100% Equity-Good Credit-High DTI
I'm now 61 - My dad passed a few yeas ago and my plan was to invest my inheritance into real estate so I bought my dream home with cash ($395K) which has already increased in value and is now assessed at $489K. My pl...
Bradley Adams
Home Equity Loan for Downpayment on a Rental Property
I am new to BP and am a relatively new investor. My wife and I currently own a duplex with about $650,000 in equity. I wanted to use some of this equity to make a down payment on some rental properties in the Dalla...
Sean Gallagher
Using gift of equity as down payment, loan structure?
Looking to see if someone can better explain this for me, say a home purchase price is 150k and 30k is needed for down payment, relative seller agrees to a gift of equity of 30k, so the lender approves the buyer for 1...
George Leeman
Best lenders in florida? Mortgages and home equity loans.
The best I have found is quicken loans who will give me 75% cash on the appraised value of a property. I am hoping to be able to do 80% of the appraised value of a property, assuming the interest is the same. Anyone h...