Does it make sense to purchase rehab with a HELOC and then do a conventional refinance?
Hello, new subscriber here! Does it make sense to purchase/rehab with a HELOC and then do a conventional refinance? Any limitations…seasoning, closure of HELOC, etc.?
(from youtube – https://youtu.be/78Lp1zbKKVE) -
Tamarra
Timestamps
[00:20] What is delayed financing? (See this video - https://youtu.be/78Lp1zbKKVE)
[00:36] Get private money like fix and flip loan
[00:42] Some fix and flip lenders will build in all the costs
[00:50] It’s easier to do a conventional takeout loan if you document everything that you spent
[01:15] What is the advantage of HELOC?
[01:28] Always keep dry powder to keep the equity line for another investment
[01:40] Use other people’s money (OPM) to get a fix and flip loan
[01:48] Do not put all your money into one deal, leave some reserves
If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask
Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble
💥 Thanks for watching 💥
#HELOC #fixandflip #househacking
About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.
🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.
About the Channel: Want to structure your investments in the right and secure way?
Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.
-
4:05
Investor Financing Podcast
1 year agoThe Flex Bridge Loan Program for Stabilized Purchases & Refinances (alternative to DCSR loans)
8 -
2:28
Marketing, Real Estate and Fun
8 months agoAccessing Home Equity Through Cash Out Refinance or Home Equity Loan: What You Need to Know:
16 -
7:03
HopeFilled Financial Coaching
5 months agoShould You Refinance? - HopeFilled Story #47
70 -
8:32
This Will Make You Rich
3 months agoWhat is a Refinance/Remortgage?
75 -
2:37
Lendgo's Mortgage Mastery Channel
3 months agoHELOCs for Buying Foreclosed Homes - Preview
4 -
7:06
The REal Deal - Your Real Estate Answers
3 years agoRefinance Your Home NOW
531 -
0:41
Lendgo's Mortgage Mastery Channel
3 months agoHELOCs for Buying Foreclosed Homes - Part 4 of 11
2 -
27:44
commercialpropertyadvisors
3 months agoHow to Finance a Mobile Home Park Investment
132 -
1:20
GuidingYourMortgage
3 months agoEpisode 44: Why & How Can I Refinance Later?
19 -
1:03
ReplaceYourMortgage
1 year agoShould You Refinance To A HELOC or Traditional Mortgage
5