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Updated over 1 year ago on . Most recent reply
HELOC on NOO property owned outright
Hello everyone, we will be looking to acquire a HELOC on a duplex owned by our LLC, NOO. We paid cash for this property - no mortgage. We have been working on updating the outside and now need funds to keep going on the interior. Would like to know if others have experience with this and if there are recommendations on lenders to work with.
Most Popular Reply
@Phyllis Kelly
Right now it’s been very challenging to find lines of credit on investment properties. Since there is no mortgage on the property, why not just take out a
First position mortgage
- Chris Seveney
7e investments
16 Reviews
5.0 stars