If you don’t have the cash for a 3.5% down payment, just rent and wait until you do. The HELOC might be a low or no cost option to draw, but you’re still paying interest on any of it that you use.
@antonioruberto70774 ай бұрын
Forgot to mention PMI if you don’t put down at least 20%.
@eliteaone5 ай бұрын
Great video. Well presented and very informative.
@halfabrikbragito85511 ай бұрын
But the heloc only if your credit score is eligible
@5dogdaddy405 Жыл бұрын
and then there's a thing called a credit score
@kitkat4329 Жыл бұрын
Love this video!
@EdgarBlendz2 жыл бұрын
I’m 16 years old watching vids like this 😭
@Extesyy722 жыл бұрын
Same 💀💀
@jayc47152 жыл бұрын
Sell and 1031 into a nice house with an ADU..in Texas..rent out the ADU
@Jesussaveme852 жыл бұрын
Hi Kris, I have a question about the Heloc option and buying another primary residence. I just bought a home in December with a FHA loan and my home has increased in equity substantially. My question is should I use my HELOC to purchase my next home and rent this current home out after the one year mark and if so should I open a business and not put it in my personal name? I get so confused about that, I want the tax write off and benefits but, I’ve heard you shouldn’t have too much in your personal name. Thanks!
@MsbLiLkey38109 Жыл бұрын
Gotta get a llc then
@DavidMcCoul2 жыл бұрын
Great video! Very well presented
@johnnycostilla14642 жыл бұрын
I've recently called to quote a heloc and everyone is telling me they aren't doing helocs at the moment.
@RM-hu6gx2 жыл бұрын
Very helpful!
@DailyDDD2 жыл бұрын
I love you Chris.
@alexischristensen74963 ай бұрын
What if my mortgage on house #1 is higher than rent rates for the area? Does it make sense to rent at a loss for a period of time?