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Updated about 3 years ago, 11/14/2021

Ted Davis's profile image
Ted Davis's profile image
Ted Davis
Pro Member
  • from Houston, Texas
  • Member since Feb 7, 2016
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37
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Ted Davis's profile image
Ted Davis's profile image
Ted Davis
Pro Member
  • from Houston, Texas
  • Member since Feb 7, 2016
Connect
Ted Davis
Pro Member
  • Houston, TX
10
Votes |
37
Posts
Buying & Selling Real Estate

Can you use a HELOC in a second property?

Ted Davis
Pro Member
  • Houston, TX
Posted

Morning rock stars, 

so my wife and I purchased our first investment property this year. It's a STR in Galveston TX and we have some solid equity built up. I was planning on doing the BRRR method but I've also heard about doing a HELOC. Our lender informed me that you can not do a HELOC on a second home; is this correct?

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