One of my investors has a lot of cash but does not want to have it all tied up in his properties. He currently owns 2 rentals which he financed 70% at good rates (around 7.5% I believe). He bought both of those off ...
I'm looking for a HELOC, at least 80% LTV, with good rates (obviously). Property value around $600k. Any recommendations? I hear credit unions give good rates. I've gone into US Bank, and they seem to give good ra...
Does a HELOC have to be paid in full if the property used to secure the credit line is sold?
I'm working on getting a HELOC on my primary residence in Granite Bay so that I can have some cash to start investing in real estate. The drive-by appraisal came back low (630 K) but I was able to convince them to d...
I am looking to buy 3 cash flow positive properties over the course of the next 2-3 years for retirement.
I own a house that has a good bit of equity, so I wanted to try to use that to get these properties, but need...
Would most bank allow if you take out a heloc on your primary home and move out in a few months? Example to buy a condo with the heloc and move to the condo for the purpose of down sizing. The primary sfh will be rent...
I inherited a house and have a question concerning obtaining a HELOC.The house is in great condition. It was my grandmother's home and I plan to keep it as a rental. When doing a search on her debt, I found she had t...
Hello everyone -
This is my first time dealing with HELOC's and would like some advice moving forward.
The situation is that I currently have ~$15,000 in equity to use in my SFH rental. The appraisal is at $88.000 a...
BP finance experts or investors with recent expereince with HELOCs, We're looking to use a HELOC to fund a downpayment on an REI (we have excellent credit). What's the least amount of equity banks are requiring you t...
Hello BP community,I discovered this site a few months ago, I love the podcast, however, this will be my first post. There seems to be a lot of very experienced investors on this platform. So I thought I would ask for...