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Updated 4 months ago,

User Stats

13
Posts
2
Votes
Spencer Fry
  • Contractor
  • Wyoming
2
Votes |
13
Posts

LOC on investment properties

Spencer Fry
  • Contractor
  • Wyoming
Posted

I have a few properties that are owned outright. Total value somewhere around $1mill-$1.25mill in equity. I am seeking to obtain a line of credit for these so I can tap into that dead equity. My local banks will only do a heloc on a primary residence. I've heard of other people doing this, but I am not having any luck finding a bank to work with. Hoping you guys with experience can chime in and help a guy out.

Thanks in advance! 

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