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Updated about 2 years ago on . Most recent reply
Getting Equity out of a Rental Property
Hi everyone, new investor here. I have a rental that was my former primary residence. The home is worth $400K and we owe about $210K. Was wondering if there is a way to get some of that equity out without having to refi to a higher interest rate? Would love to deploy that capital into more rentals.
Thanks in advance,
Julian
Most Popular Reply
Quote from @Charles Johnson:
Thank you all for your replies!
It can be difficult to find a lender that will put a HELOC on an investment property. If you can get a membership through State Employees Credit Union (SECU) they will allow HELOCs on investment properties.