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 7 years ago,
How can I tap into equity of a rental property?
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!