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Updated about 7 years ago,

Account Closed
  • Investor
  • Nashville, TN
2
Votes |
21
Posts

How can I tap into equity of a rental property?

Account Closed
  • Investor
  • Nashville, TN
Posted

I own a property free and clear that we just moved from 5 months ago. It is currently rented out. I have contacted a few lenders who say I am not able to obtain a HELOC or 2nd mortgage because I do not live there anymore.

Is there a way for me to tap into the equity? The home is worth about $150k and I am looking to obtain as much as possible for an investment.

Thank you!

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