I’m checking if you were able to find a lender for HELOC on investment property in Houston.

The other benefit is that I want to take a HELOC on this new home to purchase another investment.

. I won’t bore everyone with the details, but after hitting rock-bottom six years ago I’ve managed to rebuild my credit from a 497 score up to over 800, qualified for and opened a HELOC and saved enough money to be able to rehab my next project.

If have a HELOC for $80,000 and I use and pay the loan off in full.

I wanted to know peoples experience if any in using a HELOC loan as part of their cash buying strategy for BRRRR or is that a bad idea and why?

I wonder if this means HELOC, which is tied to prime rate, might become more attractive as mortgage rates go up.

I've also used a combination of HELOC and cash on subsequent BRRRRs.A HELOC is a great option imo and is likely going to be your second least expensive option because of its low rates and interest only payments.

Rates are much lower now than the longterm appreciation rate for property in LA, so it's a better move financially (so long as nobody is strapped for cash in the meantime) to hold onto the properties and pay the interest on the finance.You might also get recommended a HELOC.

I could take a HELOC loan out for 48k (70% of equity assuming its ARV is 265k) pay off the renovation loan and reinvest whats leftover.

Have you considered a HELOC?