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Updated 24 days ago,

User Stats

21
Posts
6
Votes
Will Cruz
6
Votes |
21
Posts

HELOC for investment property

Will Cruz
Posted

Does anyone know of a Bank that is willing to do a HELOC on an investment property? I have a client that lives in Hawaii but owns a property in DC area. He owes 650k house is worth about 1.4M, however, he only needs 300k. Client rents that house and makes 1k monthly profit, plus has a really good paying job. No DTI issues. Any help is greatly appreciated.

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