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Updated almost 2 years ago on . Most recent reply

Bobby Cy's profile image
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Bobby Cy
  • Member since Jan 6, 2021
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Bobby Cy's profile image
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Bobby Cy
  • Member since Jan 6, 2021
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Bobby Cy
3
Votes |
6
Posts
General Real Estate Investing

Heloc on Investment Property

Bobby Cy
Posted

HI BP Community! I wanted to know if there are still bank that can do HELOC on rental properties in Nevada. How much is the running rate now? thanks!

Las Vegas, Nevada
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Dan Thomas's profile image
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Dan Thomas
  • Rental Property Investor
  • from Bow, NH
  • Member since Mar 8, 2016
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Dan Thomas's profile image
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Dan Thomas
  • Rental Property Investor
  • from Bow, NH
  • Member since Mar 8, 2016
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Dan Thomas
  • Rental Property Investor
  • Bow, NH
184
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212
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Dan Thomas
  • Rental Property Investor
  • Bow, NH
Replied

@Bobby Cy

Just went through this. Only lender I could find to offer a heloc on an investment property was TD Bank. Many who have offered this in the recent past have stopped. Like others have mentioned, strict guidelines they follow but the deal breaker for me is that you cannot hold more than 3 total mortgages (internal lending rule).

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