HELOC on MULTIPLE PROPERTIES

[Tony Scal]

I own 5 properties with a combined equity of approximately 1.5 million. Is there any option to pull this equity out from all of them together under one heloc?

[Chris Seveney]

Quote from @Tony Scal:

I own 5 properties with a combined equity of approximately 1.5 million. Is there any option to pull this equity out from all of them together under one heloc?

 Maybe from an asset based lender, or a private lender, just recognize the rates will be a lot higher. You can look into a portfolio loan but getting one for 2nd position will be tougher. Not impossible but tougher. Expect that if you have $1.5M they would maybe go to $900-$1M.