Jonathan Pflueger
Will a HELOC affect my DTI if I have a Zero balance?
BP's, I am looking into getting a HELOC on my primary residence and I was wondering if it will effect my DTI ratio when I go and apply for a conventional or commercial loan in the near future? For instance: If I get a...
Frank Costa
HELOC and the BRRRR method
Is a HELOC a viable option to buy a SFH with the intent of using the BRRRR method? Unfortunately ready cash is not available but I have plenty of equity in my primary residence. That said my HELOC limit would enable m...
Changseok Kim
Newbie investor looking to purchase the first investment property
Hi,I recently opened my eyes in real estate investment. I was always scared of getting involved in it, but after reading and researching, i finally decided to take a step. I am currently living in kalamazoo, MI. Curre...
Shaun Lloyd
Combatting rising HELOC rates
Greetings all and Happiest New Year!In 2022, I pulled out a $95k HELOC (Adjustable Rate) as Down-payment to buy a duplex for rental income. However, since the fed keeps raising rates, the payment has gone from $325 to...
Molly Bustamante
Is a HELOC the ticket to becoming a real estate investor?
Hi BP Community!
As a first time real estate investor, I am currently sitting on some equity on a townhome I purchased in May of 2020 and looking to invest in a second property using that equity as a down payment. M...
John Nicholas
HELOC on Small Apartment complex
Hello, I am curious if it is possible or how difficult it is to get a HELOC on a paid off apartment complex. if possible what would be the LTV you could get? How does the bank value an apartment complex.Thanks
Jerome Morelos
HELOC or Home Equity Fixed Rate Loan
I'm debating on whether to use a HELOC or a Home Equity Fixed Rate Loan to finance a garage conversion ADU. I am in the process of getting bids for the 350 sq ft garage conversion ADU, but I'm expecting 70-85k. Could ...
Jayme Mendal
Using home equity loan for downpayment on investment property
Hi - I'm new to the site, and wanted to jump right in by posing a question for the community...
I would like to acquire a property, but am short $20-30K for the downpayment. That said, I have $300K+ equity in...
Daniel Hsieh
HELOC on 100% owned investment property - cash buyer strategy
Asking for help from experienced investors.We are buying and rehabbing an investment property for Airbnb. It will be an all cash deal so I can minimize the financing fees (buying and refi) paid to hard money lender. I...
Don Spafford
Has anyone ever used the Velocity Banking Strategy?
I searched for Velocity Banking but did not get anything to return except for some lenders using that name. I just was introduced to this strategy this week and was curious if anyone has done it and what their experie...