HELOC on an investment property

[William Brock]

Hi there! I'm new to REI as of early 2018, turning my previous home into a rental and acquiring a long-distance turn key rental shortly thereafter. I'd really like to keep my momentum moving, and am trying to determine the best way to utilize the current equity of my previous home turned rental in Austin, TX. It is currently appraised around $275k, and I have $161k left on the mortgage. The rate is fixed at 3.75%, so I'd rather not do a cash-out-refi and lose the cashflow I currently make off the property. I'd also like to know if a HELOC can be attached to an investment property, as I've heard different answers to that question. I'm going to be moving my focus to Fix and Flip or BRRRR deals and access to those funds would be nice. I'm sure others have had similar situations, so I'm looking for advice. Thanks.

[Joe Scaparra]

PenFed Credit Union does HELOCs on investment properties.