Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Louisville Real Estate Forum
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

User Stats

1,444
Posts
1,035
Votes
Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
1,035
Votes |
1,444
Posts

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.

User Stats

2,900
Posts
2,397
Votes
Nicole Heasley Beitenman
Pro Member
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,397
Votes |
2,900
Posts
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
  • User Stats

    3,703
    Posts
    2,554
    Votes
    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
    2,554
    Votes |
    3,703
    Posts
    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.

    BiggerPockets logo
    PassivePockets is here!
    |
    BiggerPockets
    Find sponsors, evaluate deals, and learn how to invest with confidence.

    User Stats

    96
    Posts
    37
    Votes
    Jen Hoang
    • Investor
    • San Diego, CA
    37
    Votes |
    96
    Posts
    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!

    User Stats

    1,444
    Posts
    1,035
    Votes
    Rob Bergeron
    • Real Estate Agent
    • Louisville, KY
    1,035
    Votes |
    1,444
    Posts
    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? 

    User Stats

    3,703
    Posts
    2,554
    Votes
    Kerry Baird
    Pro Member
    • Rental Property Investor
    • Melbourne, FL
    2,554
    Votes |
    3,703
    Posts
    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.