Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Dok Kim
  • Issaquah, WA
0
Votes |
2
Posts

pulling equity from home to finance cash deals

Dok Kim
  • Issaquah, WA
Posted

hello, first post, thanks for any help.

My home is worth 1.25M, loan is only 350k, tried to get heloc, but bank will only give 200k because of my income. 

So I have about 900k in equity, was hoping to get a heloc for 500-600k to buy properties at auction.  What other options do I have to pull the equity from my home to get a larger amount?

I have owned 1 investment property which I rented for 2 years, and sold for 225k gross profit. Current home I bought from bank as foreclosure, was a house being constructed when builder went bankrupt, I bought and finished it.  This home is up 500k from what I have into it. 

So this is how I have so much equity in this house but need a way to pull the equity out.

Loading replies...