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Updated almost 4 years ago,

User Stats

17
Posts
4
Votes
Sean Honeycutt
4
Votes |
17
Posts

HELOCs on Rental Units

Sean Honeycutt
Posted

Good day, 

So I keep hearing about BRRRR as the way to go, but I'm running into issues with banks not wanting to offer lines of credit or cash out refinances. Market's pretty good in Indianapolis and the suburbs, and my credit's in the excellent range. So I am thinking it's just a matter of the banks don't write scripts on rental properties, or have minimal experience writing scripts on rental properties, so they are just saying no.

Anyone know of a bank that does these types of loans for us more often?  Maybe I am just asking the wrong banks, being my thought.

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