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Updated over 9 years ago on . Most recent reply

George Sass's profile image
George Sass's profile image
George Sass
  • Investor
  • from Cleveland, Ohio
  • Member since Feb 7, 2015
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George Sass's profile image
George Sass's profile image
George Sass
  • Investor
  • from Cleveland, Ohio
  • Member since Feb 7, 2015
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George Sass
  • Investor
  • Cleveland, OH
14
Votes |
39
Posts
Private Lending & Conventional Mortgage Advice

Pulling equity out of a rental

George Sass
  • Investor
  • Cleveland, OH
Posted

What are the possibilities when it comes to pulling equity out of a rental house? I would love the flexibility of a HELOC but no one will give it if it isn't a primary residence. I have 50k equity in a 75k house. What are my options?

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Marcin Ferenc's profile image
Marcin Ferenc's profile image
Marcin Ferenc
  • Flipper/Rehabber
  • from North, NJ
  • Member since Jan 18, 2014
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Marcin Ferenc's profile image
Marcin Ferenc's profile image
Marcin Ferenc
  • Flipper/Rehabber
  • from North, NJ
  • Member since Jan 18, 2014
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Marcin Ferenc
  • Flipper/Rehabber
  • North, NJ
23
Votes |
91
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Marcin Ferenc
  • Flipper/Rehabber
  • North, NJ
Replied

@George Sass. I don't have a great answer for you but I believe that TD Bank does HELOC on investment properties. At least their calculator on their website has that option to calculate your potential credit limit. Check them out if they are anywhere near you.

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