• Home
  • About
  • Our Listings
  • Search Homes
  • Mortgage Calculator
  • Blog

ReferralRealty.US

Serving Raleigh, Durham, Chapel Hill & The Triangle

ReferralRealty.US – North Carolina Homes

Browse All Homes for Sale in Raleigh and Surrounding Areas

How many helocs can one set up for investment properties

March 14, 2012 by PeterGreijn

Why would you do HELOCs and not just regular mortgages? HELOCs have variable rates and short terms.

Most banks will do conventional mortgages on up to a total of four mortgaged properties. A few will go up to ten. Beyond that you’re looking at some sort of commerical loan. You may be able to do that on the first few properties, too. Only a few banks do this sort of loan, but the ones that do will be more investor friendly than conventional lenders.

Realize that if you want to use a new appraisal for the value and you want cash then you’re looking at owning for a year. If you’re willing to use the price you paid as the value, you can do this quickly. Not sure why you wouldn’t just get the loan up front in that case.

You’re about five years too late to make this strategy work really well.
BiggerPockets Forums

Filed Under: Investing Tagged With: helocs, Investment, many, Properties

Be Social – Follow Us

  • facebook
  • twitter
  • instagram
Request a FREE Foreclosure List
Foreclosure Subscription
Click on this Link or Photo to SUBSCRIBE

ReferralRealty.US LLC

For more information Phone:919-422-9677  Or, click here to: E-mail Peter. 

Copyright © 2021 · AgentPress Pro on Genesis Framework · WordPress · Log in

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange™ Program of the Triangle MLS, Inc. of Cary. Real estate listings held by brokerage firms other than ReferralRealty.US, LLC are marked with the Internet Data Exchange™ logo or the Internet Data Exchange™ thumbnail logo (the TMLS logo) and detailed information about them includes the name of the listing firms. Listing information is deemed reliable but not guaranteed. This web site is monitored for signs of third party scraping and any use of search facilities of data on the site, other than by potential buyers and sellers, is prohibited.