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Updated about 2 years ago on . Most recent reply

Eric Perez's profile image
Eric Perez's profile image
Eric Perez
  • Member since Oct 31, 2022

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16
Posts
1
Votes
Eric Perez's profile image
Eric Perez's profile image
Eric Perez
  • Member since Oct 31, 2022
Eric Perez
1
Votes |
16
Posts
Private Lending & Conventional Mortgage Advice

Heloc on Rental

Eric Perez
Posted

I have a property that was purchased owner financed with a Deed of Trust in 2011. I subsequently moved out of the area but kept the property. A family member moved in and pays the PITI. So essentially it's a rental now without cash flow.I have at least $180,000 in equity in the property. Can I get a Heloc being an owner finance and non primary residence? If so any lender suggestions?

Waco, Texas
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