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What would you do in this situation? I have a HELOC on an investment property worth 140k with an outstanding balance of a little over 40k. The rate is prime +2. I’m not in a position right now to pay off the balance....
Hi Everyone, i am super excited to be here. A little bit about me. I used to own property, sold everything now I just have my primary residence. I have $100k equity in the house and I am looking to get a multi unit re...
Hello all,
Hoping for suggestions/links to posts that answer. I'm a first-time rental buyer. I'm looking at a roughly 65k HELOC to work with and I'm very interested in how to refi the rental to pay for this. I hear t...
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Would you recommend to tap into your primary home equity if your primary home is 100% paid off for down payment on rentals?
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Im looking a buying a single family home for 60k. Paying cash with my HELOC. It needs about 12-15k in repairs and should sell quickly for at least 130-140k when all done. I just opened up another HELOC on a duplex th...
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I know this is case by case, but I am wondering if your HELOC lender pull credit report at closing? And how many credit bureaus do they pull?
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Been lurking for a bit, but I'm attracted to the idea of building a small portfolio of rental properties to diversify my already self-employed income. But I have to start with just one! My business is performing well...
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Hello I'm new to this community and to Realistate investing in general. I am closing on my first multi unit in 2 weeks. My question is: Has any one purchased a home with a line of credit or HELOC and then refinanced i...
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What is the process involved when using a rehab loan?Situation: I Only have equity in my primary home to utilize a HELOC. I just don't have the cash for a down payment on an investment property.My solution: Fix and Fl...
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Hi all, new here! Looking to buy a first time multi - family unit (4-plex) and wanted to know if anyone has done this using HELOCs and how the process goes? I've been reading up on HELOCs and their benefits, so I'm v...