Clare Yuritch
Considering HELOC with fixed rate option
We have a HELOC with PenFed which offers us an opportunity to fix the rate on any portion of the (or full) draw. We currently have a promotional rate of .99% until 8/15. Following that, our variable rate is Prime + ...
Brian Felser
Sell or force equity?
I have a rental in California w/ a 2/1 & an ADU on same property.Getting $ 1500mo. For front house & $795 for ADU. Original loan is owner finance210k bal. @5.25% got a Heloc for 65k to add 1bd. & 1ba. To f...
Jeff Pollock
Roof Before HELOC/Cash Out Refi?
Hey Everyone,I’m mid-flight on a renovation to turn part of my primary residence into a studio and house hack, and also midway through reading David Greene’s BRRRR book. In it he argues that if you can fix something m...
Roberto Lobrace
Loan Advice
Hi everyone,I would like to get feedback from the BP community regarding my scenario. I purchased a single family home in my name as my primary residence in 2012. I have since moved out of it and kept it as a rental. ...
Patti Townsend
Is Collateral Mortgage a good idea?
Hello everyone,
I am needing some advice as I am new to this!
So I'm trying to get into real estate investing. I own my own property that I currently live in. I went to the bank to see if a can get preapproved to b...
Amir B.
Best way to raise 25% down payment/closing cost yourself
Hello Everyone,I was wondering what is the best way to raise the down payment, closing cost, rehab, etc. for an apartment complex myself?I am looking into HELOC and refinance. I like to get at least $125,000Thank you
Gerald Evans
How to buy my 2nd home for MOM
I am a Realtor. My mother wants to relocate from out of state to where I am in Georgia. She is on a fixed income but wants her own place when she relocates. She wants me to purchase an investment home, preferably move...
Darren Rogers
Stuck with financing headaches
Getting a heloc loan from my commercial property to have my partner ( my brother ) purchase our next investment. I was going to gift him the money for the down payment but we are told we can’t by multiple banks. What...
Jason Lamb
Removal of PMI, is this standard ?
Hi All,
I recently had my primary residence appraised for a HELOC which I paid $600 for. One of my plans was to get rid of my PMI. I owe 318k and my appraisal came in at 418k
I just received the PMI removal form fr...
George Ostojic
Using you personal residence Home Equity to invest
Hello BP! Anyone ever use your personal home equity (basically your own residence) to purchase a real estate investment? Good or Bad?