Hi EveryoneI recently purchased a triplex in Miami using a HELOC against my primary home in NYC, under a LLC. Now I’m looking to do a cash out refinance with NO-DOC. Any recommendations?Thank youWai Ng
Can I pull a Equity Loan on non-owner occupied property?
My home's value is about 650k. I currently have a fha loan @ 3.75% for 200k. I would like to access 100-125k of my equity. My current loan is 6 months old and I DO NOT want to refi. My credit score is about 620 so I d...
Hello all,I recently had an appraisal done on my primary residence for a HELOC. The appraisal came in a $305,000. The outstanding balance on my original loan is $227,365.47. The difference being now $77,634.53 And ...
Hoping to get some advice.
I've been buying my investment properties with 25% down of my own money and recently another investor recommended that I should be using my HELOC for the downpayment to allow me to write o...
Hi BP!I am currently looking for lenders that would be able to do a HELOC on an investment property in CO. I've called a few banks and brokers and it seems that 75% is the limit. Are there any banks that would be will...
Hello, I have a 2 unit, owned free and clear, fully occupied, market value about $80,000. I would like to pull equity from it, but cannot find a lender, mainly because it's "too small of a loan to bother with". DSCR...
I am trying to do a HELOC on my primary residence which is a duplex. My issue is I am doing a HELOC and I should be able to get about 100-120k based off 85-90% LTV. However my income doesn't allow 100-120k because it ...
I am searching out the forums and have not had any luck with people getting a heloc on a paid off rental property in order to purchase another rental. My last post was taken offline because they said it was advertisin...
Hello BP. I'm looking to meet some contacts in Jacksonville, FL. I'm interested in Fix, Flip, and Brrr and will use my HELOC, but in the meantime, I will try wholesale first in this current market. All advice is welcome.