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Updated over 6 years ago on . Most recent reply
Home Equity Line of Credit on Investment Properties
I am just doing some research on this strategy. If you get HELOCs on your investment properties please let us know what bank or institution you use. Also what is your strategy in using your investment property HELOC?
Also please let us know what are the terms you usually look for on your HELOC? 80%? 75%?
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Originally posted by @Will Zena:
@Michele B. Sorry, it is on an investment property I do not live in. So you can get an equity line of credit just not a home equity line of credit you are saying?
Yes you can its not HOME equity unless you live there. You can get an equity loan on anything you own.