Financing questions for rental property

[Katie Jewell]

I’ve been listening to the podcast and watching some of the YouTube videos on BP. I have a couple of financing questions that I’ve wondered this week based on what I’ve seen. @davidgreene mentioned on this week’s podcast that he takes out helocs on all of his properties. How does he do that on a rental? I didn’t think you could take out a heloc on a home you weren’t living in. Second question, I was watching a video on Brandon running the numbers on a potential triplex that would clearly be a rental but he put down a traditional 20% in his calculations. I did not think banks did traditional mortgages on rental investment properties. Does anyone have any insight on this? Was he just putting nice numbers in for the exercise or are there traditional loans out there for investment properties?