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Updated almost 4 years ago on . Most recent reply

Ben Riechmann's profile image
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Ben Riechmann
  • Investor
  • from Cleveland Heights, OH
  • Member since May 30, 2017
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Ben Riechmann's profile image
Ben Riechmann's profile image
Ben Riechmann
  • Investor
  • from Cleveland Heights, OH
  • Member since May 30, 2017
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Ben Riechmann
  • Investor
  • Cleveland Heights, OH
73
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128
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Buying & Selling Real Estate

Heloc on rentals properties. Anyone have this?

Ben Riechmann
  • Investor
  • Cleveland Heights, OH
Posted

I know of a few banks that still do this, but not many since 2008.  I just know from online though.  I like to give people experience from people that have had personal experience.  Do anyone have Heloc on any or a group of their rentals?

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Kevin Sobilo's profile image
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Kevin Sobilo
  • #2 Tenant Screening Contributor
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo's profile image
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Kevin Sobilo
  • #2 Tenant Screening Contributor
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo#2 Tenant Screening Contributor
  • Rental Property Investor
  • Hanover Twp, PA
3,218
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Kevin Sobilo#2 Tenant Screening Contributor
  • Rental Property Investor
  • Hanover Twp, PA
Replied

@Ben Riechmann, I have a line of credit on one rental. I use that as my reserve funds and for funding in case a deal pops up that I want to jump on. 

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