Eric DeVito
Which to use to fund first deal? conventional vs HELCO?
Hello all, just want some advice on which to use to finance my first investment property. A conventional loan or a HELCO? Property price I am looking at is between $30,00-50,000 for SFH.
Jin Zhang
How does primary home HELOC affect Cash-out refi on investment?
I've heard people using cash from a HELOC on one property (A) to buy an investment property (B), then immediately do a cash-out refi on B and put the cash right back to the HELOC on A. I'm planning to do that, however...
Nicholas Arcidiacono
Should I payoff my HELOC that has an adjustable rate?
Hey BP community.Here's my situation, 2 years ago I got a HELOC on my home to fund my 1st rental property. All went good, I got the property and it's been cash flowing since. The problem I'm facing is that the HELOC a...
Nathaniel Tant
Advice on purchasing an investment property with a HELOC
Hello fellow Pockets!
I am in a situation and need some advice.
Situation:Property is for sale at $175000.00 and could appraise for over $225000.00 once it's remodeled. Or it can be rented out in the state its in w...
Ayne C.
Paying off mortgage, them getting a HELOC
I'm considering paying off our primary residence mortgage in full and then getting a first position HELOC to use for short term money (for new BRRRRs). I'm my head it seems like a killer strategy. What am I missing...
Boris Alayev
Appropriate HELOC usage
I am in the final stages of a HELOC closing. All is approved just need to get the papers signed and sent back. I am also in the middle of my first investment properly closing (waiting on appraisal completion and closi...
Sameer Jain
HELOC for investment property
Do you know if there is any lender who can do HELOC on investment property in CA? If yes what is the highest LTV they can go ?is there a restriction on getting Heloc on condo or SFH ?
Account Closed
HLOC or Mortgage ?
Hello BP. I wonder what you think about different of HELOC and Mortgage? Say for example, I have $200K equity that I can either do Option 1: Cash out refinance and pull money out to have cash in bank with Interest loc...
Leon Lee
Purchase a new primary residency using HELOC as the downpayment
Hi, EveryoneCould someone help me on answering what will happen to my HELOC if I do the following?I have a house A that is my primary residence. I recently applied for a HELOC on it, with the total amount of $100K. No...
Jay Lo
Is it possible to get heloc and refinance the same apartment
I own a 8 units apartment building free and clear in Ohio. Its worth 250k. I need cash to buy more so I was wondering if I could pull out an heloc and refinance it at the same time. So, my idea is the heloc is just an...