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Updated about 7 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Lucas Stringfield
  • Pocatello, ID
3
Votes |
8
Posts

Heloc on a Rental Property

Lucas Stringfield
  • Pocatello, ID
Posted

Hello All,

I recently moved out of my home of 8 years that I had aggressively paid down. I kept it and am using it as a rental property now. Its value is about 160k and I owe 39k. I would like to take a Heloc out on it to invest in more properties, but cannot seem to find anyone willing to provide this option on a rental property. Any suggestions? 

Most Popular Reply

User Stats

515
Posts
404
Votes
Brian Adzadi
  • Allentown, PA
404
Votes |
515
Posts
Brian Adzadi
  • Allentown, PA
Replied

@Lucas Stringfield

So why not do a Cash Out Refinance? I think that would be easier. Many companies should be willing to do that. 

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