All Forum Posts by: Ganessan P.

@Anthony Finger - Search for "All in One" product, To my knowledge, it is offered by "Ridge Lending Group" and "CMG". I know some contacts at CMG who can help you. Its similar to HELOC products designed for investors like us. You can go with the product at the time of buying or you can do cashout refi. Again, it's not technical called as "HELOC". Yes, the interest rates would be little more than the traditional HELOC. Max you can do 4, with COVID you can do only 2 ( 1 on primary and 1 on investment ). If you are interested, feel free to PM me, i will share the contact details. You would not be able to find HELOC on investment properties other than "All in One"

We could connect the dots with this.

https://www.builtinaustin.com/...

I would take anywhere in Austin MSA.

@Thad Purcell - Happy to connect with the folks which i worked in the past. PM me.

@Tamilaruvi Manisekaran - I have been scratching my head on this topic for the last 2 years and made some decision and did some investment. Like others said, there is no simple rule... if you like we can chat live on this topic via a phone call. I am just an investor, not an agents or attorney. 

@Marcos Murillo Below 2 sites are would be helpful.

https://milkeninstitute.org/re...

https://www.bls.gov/eag/

I see long term opportunities in Manor, Del Valle 

@Roger Matthews Sorry to hear that you are going through this.. Does the county record still says that its a homestead ? May be that's the reason the "Title Company" is over reacting it.

@Ronald Rohde Trying to learn and understand 1) Rental Vacancy 2) Appreciation 3) Job growth in the next 5 years 

Short Answer is YES. First you need to find the lender who can provide HELOC on investment property ( i assume this is your investment property ). There are only few lenders who does that.. you google it and make the phone calls and find it. I would start with the local bank and local credit unions. It would take almost 20-45 days to get the HELOC.

HELOC is like your cash.. when the lender asks you how you are pay the down payment.. tell them from your HELOC. You may send the proof of your HELOC account and funds the available. Its your cash, you can do anything with that. Nobody cares about you on what you do with the cash from HELOC.