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Updated about 3 years ago on . Most recent reply

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Evan Hosaka
  • Las Vegas, NV
0
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5
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HELOC on Las Vegas Rental

Evan Hosaka
  • Las Vegas, NV
Posted

I have a rental with about 110k mortgage and 300k value and it is currently leased for $1650/mo. 

i know that I can cash out Refi to pay down my primary mortgage and then HELOC on that, but does anyone know of a bank here that would HELOC on rental? I understand interest would be higher and the LTV would be lower and that is okay. Just trying to understand my options and cost of money.

Thank you, BP!

  • Evan Hosaka
  • Most Popular Reply

    User Stats

    227
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    86
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    Daniel Y.
    • Investor
    • Henderson, NV
    86
    Votes |
    227
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    Daniel Y.
    • Investor
    • Henderson, NV
    Replied

    @Cris Normandt not sure if you can do HELOCs, but might as well tag you and see what you can do.

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