Andrew Jech
HELOC/Cash-Out Refi? Strategy for down payment on investment
Hello BP community. I am 28 years old and currently putting together my business-plan and strategy for building my investment portfolio. My goal is to acquire my first rental property in the next 6 months, and I'm hop...
Chad Belcher
HELOC or Cash out Refinance?????
I recently bought my second rental property which was a foreclosure which I only payed 3,620 for and is around 1550 square foot which it did require a lot of work but I used some leverage, I have a HELOC on my first ...
Joseph Matarazzo
Can You Get A HELOC On An Existing Mortgage?
Hello BP Community,I have a three family multifamily property in New Jersey. I bought it in 2019, lived in it for two years, refinanced it in 2021, and since then I have moved out and it is fully rented as an investme...
Oscar Vazquez
How to use a HELOC to start investment journey
Hello, I’m looking to get started in real estate investing. I currently own a property that is valued at 850K and my current loan on my mortgage is 272k. I’m considering getting a home equity line of credit (HELOC) of...
Rheis Cloutier
Financing through HELOC
I have been considering for a long time investing in multi units. When I first started looking, I looked for a few years but just ended up buying a single family home that I currently live in and have for multiple yea...
Jessica G.
Advice: Cash out refi
Hi everyone. So my husband and I had been aggressively paying off our mortgage with the goal of saving up for a rental property after that, but with all of the information here and after talking with some investors at...
Dan Shelhamer
HELOC vs. Cash Out Refi
HELOC or Cash out Refi? This may be a dumb question, but just wondering which one is better to use? Which one is a cheaper way to do it, or are they basically the same thing?I currently owe $176k on my primary resid...
Paul Aguilar
HELOC or REFI for Down on STR
Hello, My wife and I are looking to get into our first STR. We own a condo and have equity in the property. We want to use some of that for a down payment on a STR. We have discussed either doing a REFI and pulling so...
Roshan K.
HELOC Interest Rates
Hello everyone,I'm interested in getting a fixed rate HELOC, but am first curious what kind of interest rates people are getting?I'm finding approximately Prime + 1%, so as of now, 5.25%. What interest rates are you g...
Erik Sherburne
HELOC vs Cash Out Refi
Curious what others see as the pros and cons of a cash out refi vs a HELOC. I'm refinancing a property now to lock in a rate and think saving some equity for a HELOC might be a good option. I have a lender that can d...