Joseph Caster
How large a loan can I get with $100,000 in equity
I want to use the equity from my personal home to buy my first rental home. I have $100,000 in equity right now. If I went to a bank to get a home equity loan how much could I get? I'm looking at a foreclosure that I...
Zach W.
Newbie- Best approach for acquiring two properties
Hello,I am at a cross-roads with my fiance and our financial future. We purchased a house 2 years ago and are looking to start investing in real estate. We both are employed with good jobs, but are looking to start a ...
Rob Jones
3.3 Million HELOC's getting ready to reset
I was reading this article this morning and thought I'd share it with the subject matter experts on the forums. It looks like about 3.3 million HELOC's will be resetting to fully amortizing loans over the next couple...
Antoinette Munroe
Should I build or buy my first rental
I recently purchased and rehabbed my first property (a 2/1 SF in a great area). My initial intention was to use a HELOC to add a 1/1rental by closing in the carport and screened porch. This addition is designed as a c...
Vanessa Chow
Appraisal Dispute Advise
I have been working with Wells Fargo to set up a HELOC on my rental property in CA. The appraised value comes 15% under from what Zillow, Trulia and Redfin say. The 3 websites estimates are very comparable. I have ...
Colton Joseph
Two HELOC's on a otherwise paid off house. Is it possible?
Good Evening All!I am looking for creative/low cost ways to fund a spec home and have a question about pulling equity out of my current residence.I have a newly built homestead house that was just appraised at $260k. ...
Greg Pugh
Notes, Taxes and Reporting
I used capital from a HELOC to purchase a note. Is the interest payments for that HELOC an expense I can deduct somewhere in my taxes? And if so, where?
Ann Harvey
Home Equity Loan, HELOC, or Cash-out Refi?
If someone was thinking about buying a second home and keeping the first (living in one and both producing rental income), as a way to invest so there's money in the future for retirement, is it better to do a home eq...
Amrik Basi
1st post on BP | HELOC question
Hello BP:This is my first post on BP and am looking forward to gaining some valuable insight from the community.We recently purchased our primary residence with a HELOC and wanted feedback on how to invest surplus cas...
Reagen Natho
Applying for Heloc Immediately After Closing on Investment Prop
I have been under contract a little over a year on an investment property that will be used as a vacation rental. The market I am buying in has appreciated significantly and I should have somewhere around $250k in equ...