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Updated over 10 years ago on . Most recent reply

User Stats

85
Posts
6
Votes
Tony Sepassi
  • Investor
  • Reston, VA
6
Votes |
85
Posts

Need some advise

Tony Sepassi
  • Investor
  • Reston, VA
Posted

Hi Guys,

I have been trying to see if I can get a HLOC on a investment property I have but it seems no bank wants to offer HLOC on a investment property.

I'm going to auctions to see if I can get a good deal so I need cash waiting but it seems the only thing the banks want to offer is a cash out loan which means I get the loan and start to pay the monthly payment but that doesn't do me any good when I have no property in mind I want to buy.

Is there a way to get HLOC with investment properties?

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