All Forum Posts by: Joan Brown

So I heard that the HELOC is treated much like credit card line of credit. It shouldn't hurt my chances of getting home loans.

If I have equity in my home and get a HELOC, would I have to use the equity to purchase one investment property outright? I would like to be able to cover several down payments using the HELOC and then get conventional or portfolio loans to cover the property purchases.

When I think through it, I am worried that having a HELOC open and on my credit would hurt me when trying to close on an investment property.

Does anyone have experience with this?

@Stephen Harris

Thanks! I will keep looking!

When you say multi-family's in Lubbock are fairly good, what size are you talking about? I am interested in them, but not finding much...

Hi, Gian, I am also interested in the Lubbock market. Are you going to the REIA Lubbock meeting on Thursday next week? Maybe we can meet there...

Thank you so much for candidly sharing your journey! You gave me courage to continue to learn and to get out and buy my first rehab. I don't have to know everything, but like you, I will learn and persevere! Thanks and congrats!

Hi Rayetta, I am still figuring things out and, like  you, studying as much as possible. I am reading Brandon's Rental book right now, and The Millionaire Next Door. My husband and I are starting to do some analysis on real estate markets. What are you studying?

Hi, Frankie, I lived in Albuquerque for about 10 years! l love it!

Good luck.

Thanks, Albuquerque Investors! I will definitely try to meet up with Lubbock people and y'all whenever I can travel.

Eastern side of the state! Do you belong to an REIA in Albuquerque? I might be able to come to some meetings.👍