Matthew Hime
HELOC on a rental property in Everett, WA
I have a SFH rental property in Everett, WA that I’d like to use for a HELOC. Does anyone have a recommendation for a local bank or CU (or national one for that matter) that offers HELOCs on rental homes? I know they’...
Robert Dunbar
Cash out refi on top of Heloc
Hey Everyone,I got a heloc on my previous home to fund the purchase of an investment property. I’ve since moved to a different property and a few years have gone by. The property now has more equity than when I first ...
Ryan C.
Heloc lowers Fico score, then refinance
Looking for some insight... I have a rental that is paid off. Going to do an 80% heloc on it so I can purchase another property. My intent is to wait the 6 month seasoning on the new property and refinance into a conv...
Joe Xie
Should I pay all cash or take an expensive loan?
I am buying a rental property as Tenancy in Common (TIC) at Bay Area and getting a 250K Fractional TIC loan. The close cost of the loan is close to $6500 including everything which is look high to me and the rate is 4...
Jimmy Mooney
Considering first investment property, down payment question.
I'm considering buying my first investment property using a HELOC on my primary residence. I have enough equity in my primary residence to cover about 4-5% of the purchase price of the target property. I was thinking ...
Dr. Jordan E Smith
Can you sell a home with a HELOC on it?
To get started on our first real estate deal, my husband and I are planning on selling our current home which has a small mortgage on it (15% value of home), downsize so we have no mortgage, use some cash from the sa...
Haley Cisar
Cash buy from heloc on Investment property
Hello! We are new investors here. Our primary home is paid off. We would like to open a heloc to pay for off market cash only deals for an investment property. The BRRR method but buying outright with cash. Around 210...
Courtney Downtain
HELOC question. Just curious!
Hi BP team
Question- this is just hypothetical, What happens if you take out a home equity line of credit on your home that you have $40,000 worth of equity in, in order to use for a down payment on a second home, an...
Dany Kao
Heloc on Investment Property
Hi,
I would like to take out a Heloc on my rental property. Does anyone know a bank or credit who does that? Thanks,Dany
Thomas B.
Cash-Out Construction Loan Newbie
I am learning a lot on my 1st Investment property!I initially purchased it as a 2/1 single family needed a complete gut job, using a HELOC from my primary residence with the enough left over to do a budget conscious r...