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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
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Line of Credit

Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
Posted

Maximize your real estate investments! Don't want to sell but want to buy more property? Consider using the equity in your home with a HELOC (Home Equity Line of Credit). Invest in properties that you can drive appreciation in and grow your portfolio. This is how my family has built most of its wealth here in Louiville.

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Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
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Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

Through HELOCs on a primary or HELOCs on investment properties?

  • Nicole Heasley Beitenman
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    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
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    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
    Replied

    I'm currently getting a HELOC from a local credit union on one of my rental properties. It is such a great way to get at the equity and still keep the really good underlying mortgage in place.

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    Jen Hoang
    • Investor
    • San Diego, CA
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    Jen Hoang
    • Investor
    • San Diego, CA
    Replied

    I'm looking for a lender who can give me a line of credit on my rental portfolio. @Rob Bergeron @Kerry Baird Please let me know which lender can help me with this. Thanks!

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    Rob Bergeron
    • Real Estate Agent
    • Louisville, KY
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    Rob Bergeron
    • Real Estate Agent
    • Louisville, KY
    Replied
    Quote from @Jen Hoang:

    I'm looking for a lender who can give me a line of credit on my rental portfolio. @Rob Bergeron @Kerry Baird Please let me know which lender can help me with this. Thanks!


     Bank of Monticello maybe? 

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    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
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    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
    Replied

    For individual properties, I like Navy Federal due to the long draw period of 20 years and a long repayment period of 20 years. For a portfolio of properties, you might look at the commercial side of Wells Fargo, or small community banks local to the properties. Business Lines of Credit are a different thing than a HELOC.