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...
Drew Cameron
Heloc to pay off mortgage faster
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Kate Spears
HELOC for BRRRR - should we max out our line of credit?
HELOC for BRRRR?We are in the midst of securing a HELOC that we intend to use to pursue a BRRRR deal(s). We would like to use the HELOC becuase all-cash offers are king in our market and we also realize that few if an...
Joshua Gregory
HELOC vs Cash out refinance
I have a good amount of equity in my home and just got approved to take out 85% of it with a HELOC at 5.99%. The goal is to start buying properties with this cash but I realized if I were to leverage a loan with my HE...
Vincent Plant
HELOC on your primary residence?
Hello all,
What are your thoughts on this:
Our primary residence is currently worth approx $250k.
We currently owe $170k.
We are looking to explore the option of using a home equity line of credit to fund our ...
Amol K.
Pay down rental property mortgage with funds from primary HELOC
If someone draws funds from the HELOC on their primary residence, and uses them to pay down the principal on their rental property, is the interest paid on the drawn amount tax deductible under the rental property?
Jeremy Keeler
HELOC Double Leverage Strategy
Hello all!I haven't been in the forums in a while, been more of a lurker. But I find myself at a point on my BRRR journey where I am getting very close to finally pulling the trigger on my first purchase. My plan is ...
Suya Zhang
remodel investment property with primary home's HELOC or my money
Hi everyone, I'm in San Francisco Bay Area. I have $300k heloc from primary home. I want to better utilize this money. I have two ideas:1. improve investment property with $150k, then the cash flow will be increased b...
Josh Michael
Heloc or home equity loan?
Heloc or home equity loan? Pros and cons to both and why choose one over the other.
Emmanuel Fregene
Using the same bank to do a Heloc and refinance
I am looking to take out a heloc on my primary home to buy a rental property and use the BRRRR strategy. When it comes to the refinance, do people usually use the same bank they used for a heloc (to purchase the prope...