General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago,
Getting a HELOC on a Sub2
Gooood morning Biggerpockets!
I currently have several properties obtained "subject to", and am currently exploring options to utilize their equity to fund other non-RE projects.
While my POA on the trust allows for it, would obtaining a HELOC on a "subject to" property trigger the Due on Sale Clause? Or send up red flags that would catch the lender's attention.
How much communication/involvement is there between a bank and a lender when a HELOC is associated with a property?
Lloyd Stanton.
American.