HELOC on Investment Property with National Lender?

[Theodore Beidler]

Hey all, I co-own an investment property out of state (beach house that has been passed down through the years. We use it a few weeks out of the year and rent it the rest.) with my sister and we're looking to get a HELOC on it in order to purchase another property. It's fully paid off. Talking with a few local credit unions but wanted to see what some national banks would offer. I bank with Bank of America and they do not offer HELOCs on rental properties only cash out refi. Ideally I'd like a HELOC for the flexibility and in an effort to avoid closing cost fees.

Question is, do some major banks offer HELOCs on investment properties or am I going to run into this situation often?