Account Closed
Best move with HELOC funds
I recently closed on my first HELOC after acquiring this property from BRRRR'ing my owner occupy duplex. I purchased the building for 80k with conventional investment financing- put about 11k into it and got the upst...
James Edwards
Getting Money out of a Rental
Looking for info on the best way to get money out of a paid off rental to buy another. I've researched into HELOCS, Equity Loans and Cash Out Refinance. Having a hard time deciding when to use what. The goal would be...
Jabari Jones
I'm closing on a HELOC and want to use my VA Loan also
Hello all, I have a couple questions about REI in relation to the topic. I own my house free and clear and was just approved for a HELOC. The plan is to move out of the current home and house hack using my VA Loan. T...
Brandon Wallace
Cash out refi to a higher APR?
I’m about a month out from finishing the rehab on the property. (I own a upper/lower. Upper is being rented out for $990/month and my mortgage is $760/month. I plan to live in the lower unit when finished) I have a 2....
Michael Barido
Payoff Debt or Move Forward?
I know this is personal for everyone but I'd like to share where I am. My wife and I have good jobs and we do have $80k in debt (not good debt but bad debt). We have leftover around $3,200/ month and we currently have...
Charlton Zang Jr
HELOC or Re Finance
I am getting ready to buy my first property and I am taking money out of my primary house. My banker is telling me to refinance to save the interest and a smaller payment rather than using a HELOC at a higher rate. S...
Jim Miller
Looking for a rental HELOC
Are there any banks offering a HELOC on rental units? We have a single-family long-term rental in Port Charlotte that we'd like to keep the current mortgage rate, but we do have some equity we'd like to have access to.
Dan Leaman
Heloc on rental properties
hello biggerpockets community, I am looking for information regarding Heloc's on rental properties.Who offers them?Pitfalls I should be aware of?Helocs vs cash out refinance?I own property outright have a solid tenan...
Kelly Conrad
Thoughts on using HELOC to fund downpayment?
Looking to invest around Lake Nokomis/Richfield/Bloomington, MNI've been doing some reading, and with the prices in my area I don't have enough funds for a 20-25% downpayment for multi-family properties. I have almost...
Nick Wilson
Financing My First Rental
Hello! I'm completely new to investing, and am looking for advise. I'm looking at buying my first rental - a SFH in the Midwest. Currently I'm looking in Indianapolis and Detriot. I currently live in Sacramento, CA. ...