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All Forum Posts by: Elenis Camargo

Elenis Camargo has started 27 posts and replied 475 times.

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Christian Nachtrieb Thanks for the info! And congrats on your current purchase!! I’ll call them this week and ask if they do out of state :)

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Chris Wange Awesome!! Yes I agree, I’d rather do the same instead of having to pay it back right away without even using it. Thanks again for the info.

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Kyle J. This is great info. Thanks Kyle!!

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Chris Wange Thanks and congrats on finally finding one!! Any particular reason why you didn’t want to do a HEL?

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Will Gaston Another question if you don’t mind. What LTV do they lend on in your case? I heard if you live in the property then it’s much higher than if you’re renting it.

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Will Gaston Awesome I will definitely do that! :) thanks so much!

Post: HELOC on a rental property: is it possible?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
Hi everyone. I know back before the housing crisis it was possible to get a HELOC on a rental property, but is this still possible today? Have any of you recently done this? We have one single family home and looking to get more. Just wondering if this route would be an option. Thanks!

Post: Can you tour a short sale before purchasing?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
@Kyle J. Awesome! Thanks so much!!

Post: Advice on creative deal?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461

@Jack Bobeck Thanks for the article! I've decided not to take this route. It's a little too risky right now. 

Post: Can you tour a short sale before purchasing?

Elenis CamargoPosted
  • Property Manager
  • Jacksonville, FL
  • Posts 494
  • Votes 461
Hi everyone. Just wondering if it’s allowed to view the inside of a short sale home before purchasing it? I don’t know a lot about short sales but interesting in one I found today. Thanks!