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Updated 10 months ago on . Most recent reply

Dan Gongora's profile image
Dan Gongora's profile image
Dan Gongora
  • Realtor
  • from Saint Petersburg, FL
  • Member since Apr 22, 2016
  • Posts 92
  • Votes 34
  • Experience 8 Yrs
  • Investments 5
Connect

User Stats

92
Posts
34
Votes
Dan Gongora's profile image
Dan Gongora's profile image
Dan Gongora
  • Realtor
  • from Saint Petersburg, FL
  • Member since Apr 22, 2016
  • Posts 92
  • Votes 34
  • Experience 8 Yrs
  • Investments 5
Connect
Dan Gongora
  • Realtor
  • Saint Petersburg, FL
34
Votes |
92
Posts
Mortgage Brokers & Lenders

HELOC rental property

Dan Gongora
  • Realtor
  • Saint Petersburg, FL
Posted

Hi there,

Does anyone know of a lender that will do a HELOC on a rental property in IL? Property is located in Aurora, IL. Chicago, IL basically Chicagoland area.

Aurora, Illinois
1 Vote
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Dan Gongora's profile image
Dan Gongora's profile image
Dan Gongora
  • Realtor
  • from Saint Petersburg, FL
  • Member since Apr 22, 2016
  • Posts 92
  • Votes 34
  • Experience 8 Yrs
  • Investments 5
Connect

User Stats

92
Posts
34
Votes
Dan Gongora's profile image
Dan Gongora's profile image
Dan Gongora
  • Realtor
  • from Saint Petersburg, FL
  • Member since Apr 22, 2016
  • Posts 92
  • Votes 34
  • Experience 8 Yrs
  • Investments 5
Connect
Dan Gongora
  • Realtor
  • Saint Petersburg, FL
34
Votes |
92
Posts
Dan Gongora
  • Realtor
  • Saint Petersburg, FL
Replied

Hi @Jonathan Klemm thanks for reaching out. Loan balance is about 133k and current zillow estimate is 308k. I would just like a heloc to have the cash available in case I find a deal. No immediate plans for it

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