Edward Adams
Subject To deal analysis - Heloc 2nd creditor position is high
I'm analyzing a pre-fore/subj to and the 1st mortgage (balance due) is not too onerous. 2nd creditor in line (Heloc) balance is very high. I'm not sure how to proceed with Heloc creditor in terms of negotiating with...
Robbie Stanford
Heloc before loan app?
Me and my fiancé own 3 houses, I rent both of mine out, we currently live in hers, February we will be moving into one of mine and renting hers out, she wants to buy a rental and use the equity in her house as the dow...
Josiah Cooper
Feedback on HELOC needed for wife's blessing!
Happy 4th of July!
I'll get right to it: my wife and I want to buy a foreclosure SFH towards the end of the year but only have money saved up for renovations
, not enough for the down payment. We're looking to buy i...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Chad O.
HELOC... Yes or NO??
I have a HELOC available. Thoughts on reinvesting it into current house (fixer upper) or investing in another property to hold, flip, rent?? Orr should I not use it at all and avoid having to repay a loan?...
Trevor Lowe
Rental purchase using HELOC as Down payment.
Hey guys and girls, Game warden from Kentucky seeking some advice for a rental property I have under contract. What do you think my best option is for coming up with the Down payment for this property? I have a HELO...
Chris Majors
"Refinance" Private Mortgage first with a HELOC?
I am under contract to purchase a new primary and using private money for 80% of the purchase price. I've been kicking around the idea of applying for a HELOC immediately after closing instead of waiting 6 months for...
Amul Sutaria
Need advice about financing
Hi BP'ers!So I am looking at properties in the 70-90K range (in PA) that I want to buy and hold. Problem is, the family member that told me they would let me use their HELOC no longer wants to help. OK, fine. Time ...
Dean Gemmell
Cash Out Refi on My Own Home to Buy with Cash?
I own my home in a New Jersey suburb without a mortgage. In this crazy market, current valuation is about 1.2 M. Let's say it eventually falls back to 1M but it should stay there for a while. I don't like having so mu...
Berenice Barrot
Which one is better for a long term, HELOC or HELOAN??
My rental property have a good amount of equity. My plan is to use it to invest into a multi family. With how the market is acting and interest rates so high. Which is better for me to get now a HELOC or a HELOAN?Any ...