Related Posts
More Posts
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site

Scan your QR code to download
Fishbowl app on your mobile

Subject Expert
They can be great if you know how to use them. The rate is lower than a credit card that’s on a non promo rate, but not great overall. If you can plan appropriately, they can be great for short term projects, especially if you’re in a position where you have bonus payments or stocks vesting that happen once or twice a year, but you need the liquidity as projects become available.
Exactly what PM1 said. I’m using 50K of my heloc to pay a contractor for a large amount of work, knowing that I have stock vesting in September to pay it back down. Way easier than trying to get a construction loan as I only need it for a few months
Thanks both. I have the cash to pay but thought about a personal loan or HELOC. I am responsible with my money but have many projects coming up in the next 3-5 years.
I actually sold stock to pay down my HELOC at 8.5%, I figured I’d take a risk free return of 8.5%…and I’m always a proponent of using HELOCs as much as possible. These rates are not worth paying for debt unless you have a sure way to make a higher return (i.e. value-add improvements) ideally with a path toward paying back debt. Once these rates calm down, I’ll use my HELOC again.
I’m at 8.5 with my heloc and it’s annoying for sure - even if I’m only using it for a few months