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Updated 10 months ago,
Can you take out a HELOC on an investment property in Texas?
Hello All,
I recently moved to a new house and decided to rent my old one. I wanted to see if it's possible to get a HELOC on the rental property to buy another one? I refinanced to a mid 2% rate a few years ago and did not want to do a cash out refi. If HELOC on an investment property is not an option, is there another way to pull the equity for that property to buy another investment property?
I'm located in Dallas, TX.