Matthew Lockwood
Tax Reform Law and the "pay off your mortgage w/a HELOC" strategy
Ive been contemplating the "Replace your Mortgage with a HELOC" scheme to pay it off early.Heres my very specific question:If I do nothing with the HELOC , but simply replace my mortgage with it in the first lien posi...
Trevor Aydelott
HELOC on an Investment property
So I had a home that I was trying to apply a HELOC loan as a primary residence, but not for me, but I would be a co-borrower.Anyways BofA said the house could not be up for sale (so know this) and I also to state that...
Brendon Seiffert
HELOC as down payment question
Hey guys!
I am in the process of getting a HELOC on my home now, but my question is how do you use a HELOC when using it as a downpayment?
I am just trying to figure out that if I take out $30k on mine, and use th...
Evan Gohring
HELOC on primary residence vs rental property
Hi team,
I am currently house hacking and renting by the room (house 1). We are under contract on another house (house 2) that we will turn into our primary residence, eventually STR, and our current househack will j...
Maite Narciso
Looking for a HELOC
hello all, I need a HELOC for a down payment to start investing. I'm looking to start where I live, Orlando. I was recommend a Credit Union that has lower rates than the regular banks. Any suggestions please?
Matt J.
Best Use of Primary Home HELOC
Hello everybody. I've got a question about how to best utilize a HELOC I am taking out on my primary residence. Here are the basics around that and my current REI situation. I will have a HELOC of around $35,000 doll...
Joseph Cavicchi
Reporting HELOC interest on Tax Return
Hello, I'm relatively new to real estate investing and this will be the first year I file taxes after opening a HELOC last year. I used the HELOC for a down-payment on a new house. I now rent out the old house (with t...
Rudy Dvorak
looking for HELOC in Southern California
11 month seasoned sfr, owner occupied in Santa Ana worth 1.1M +/-.790 fico, $715k first w Chase - Chase bought loan from originator, LoanCare LLCWe have extremely low net income on tax returns for 20 and 21. wife and...
Nicco M.
HELOC Payoff / How to best utilize
Hey BP!
I have about 85k equity in my primary residence and have been considering using a HELOC against my primary residence to purchase an investment property.
Am I correct in assuming most of the cash flow I’d ...
Susan Capeta
home equity line of credit for flip
I have some cash but not enough so I was thinking for getting a line of credit on my house which has a little equality to buy a house CASH and fix it and flip it... what do you guys think about getting a home equality...