HELOC for an Investment Property in Central FL

[Jose Vasquez Dickson]

Hey BP! I own an investment condo here in Orlando, FL under my personal name and I'm looking to get a HELOC to access that equity to invest in my real estate business. It's owned free and clear. My current income is only from my real estate business and I opened my LLC back in August 2021 so it's around 1.5 years old. I had a W-2 income coming in for many years but I quit in May 2022.

What would be my options to possibly get a HELOC on my investment property?

[Lyndsay Zwirlein]

There are still programs out there that can do HELOCs on investment properties. However a lot of them have limitations if the property type is a condo. Call around -- you can find one!