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Updated almost 8 years ago on . Most recent reply

Andre Andronik's profile image
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Andre Andronik
  • from Utica, New York
  • Member since May 10, 2017
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Andre Andronik's profile image
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Andre Andronik
  • from Utica, New York
  • Member since May 10, 2017
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Andre Andronik
  • Utica, NY
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Multi-Family and Apartment Investing

HELOC against rental property

Andre Andronik
  • Utica, NY
Posted
Hello everyone. I am new in this business... i have a rental property which is almost completely paid it off, appraised at about 110k... my question to you guys if anyone aware of any financial institutions in NY state that will do a HELOC against rental property? Appreciate your inputs.
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    Adam Demchik's profile image
    Adam Demchik's profile image
    Adam Demchik
    • Rental Property Investor
    • from Oxford, MI
    • Member since Feb 26, 2013
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    Adam Demchik
    • Rental Property Investor
    • from Oxford, MI
    • Member since Feb 26, 2013
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    Adam Demchik
    • Rental Property Investor
    • Oxford, MI
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    Adam Demchik
    • Rental Property Investor
    • Oxford, MI
    Replied

    Try a small bank or credit union.  I didnt get a heloc as I own multifamily.  They gave me a line of credit against the property. 

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