18 May 2020 | 24 replies
@Hoyoon ChaeHave you thought about a HELOC would that be an option, you’ll pay more for your money but you only pay interest when you use it.
15 May 2020 | 3 replies
You might check there, too.Yes even though it wouldn't be easy to find one, either I will still have to find one or look into HELOC!
16 May 2020 | 2 replies
I have been trying to study up on tax law and I understand that there are no tax incentives or really financial incentives to buying a property all cash (except the equity piece) and I also know that refinancing will be challenging given that even ARV will be in the low range, but I am wondering if I can get the same tax interest benefits if I can get a HELOC on the property and use that to make down payments on further property?
19 May 2020 | 2 replies
The plan is to get a heloc for the down payment and mortgage the rest.
16 May 2020 | 0 replies
I also used my HELOC at $421,000 to invest with down payments and rehab, and now hold 16 doors and ownership in a 72 unit college campus building, 50% ownership in a 8 plex, and some RE syndication.
22 May 2020 | 8 replies
We are talking with a mortgage specialist with a bank to determine if we'd like to take HELOC or Home equity loan to pay off the relatives equity in the house.
16 May 2020 | 5 replies
My dilemma and stall right now is I don’t know if I should take my entire capital and purchase one house flat out, and collect the cash flow and then HELOC that property to go get 2 more properties so I’m only paying interest on the equity line.
16 May 2020 | 0 replies
Hello, I want to pull money from my house and I was wondering what is a better choice, doing a HELOC or doing a cash out refinance?
3 June 2020 | 6 replies
If there are good comps in your area it may work out for you, but I wouldn't take the risk if you could go the HELOC route.
17 May 2020 | 2 replies
What’s is better, a HELOC or home equity line of credit for this situation?