Craig Ebersole
What are some key factors when comparing HELOC lenders?
Good morning Bigger Pockets Community,I have some equity in my current single family home rental that I’d like to access to purchase a second rental property. Based on my current loan and financial situation a HELOC l...
Charles Lee
HELOC from primary home to buy MF and later do 1031 exchange
Hi everyone, I am planning to use HELOC (of my primary home) as part of my downpayment to buy a multifamily (LLC). In the future, when I sell this multifamily (LLC) through a 1031, how will I get the money back to re...
Darren Elliott
Legal Way to HELOC While Renting Out?
I bought my first and only property in April 2018 as a primary residence. Five months later, I accepted a job much farther away and have been living with my parents while renovating the property with plans to rent it ...
Tasha Davis
HELOC question, first time investment
Does anyone have a HELOC? I will be closing on my first investment home in about a month and I was wondering if I should request a HELOC now or wait until I have some money invested in the home. I got it for 95,000 an...
JayCinta Henry
Heloc or Cash Out Refi?
SFRental - has a 220-230k valueCurrent mortgage balance is 149k, with a 30 yr, 2.85% interest.I put about 15K down payment and closing, house hacked for one year. I need access to money, to invest in other deals. I a...
Mike Schorah
What happens when a HELOC gets called due and you can’t pay it?
Or will they just lower the amount if you were to have negative equity?
Roger Mbah
Refi or not?
Hello, I'm new to the platform and have a newbie question. So I've been in my primary home for 2.5years. When I bought it, interest rates were really good so I ended with an interest rate of 2.83%. I also did some reh...
Aaron Crabtree
Aloha from Hilo Hawaii
Hi my name is Aaron. I was watching videos on YouTube and saw a brief ad i was going to skip ASAP, but something caught my attention. A guy in front of a chalk board saying you could pay your mortgage off in 5-7 years...
Alexandria Nicole Salgado
What should I do with a HELOC?
I found a lender who will give me a HELOC for my 2nd home with a variable interest rate of 8.25%. I can access about 150k at 95% LTV. I don’t have a primary so this is the only option I’ve found after calling many ban...
Uschi Macero
Refinance vs. HELOC to obtain cash for downpayment
l need to come up with the down payment on a investment property. The options I am considering are: Refinance my house and pull out all the equity or draw the HELOC I have on it.The down payment would be about 20% o...