HELOC on Rental Property in Texas

[Eric Pimpler]

Hi All,

I'm hoping to get a definitive answer regarding HELOC on rental properties in Texas. I've gotten different answers from different people and even banks. I have several single family rental properties in Texas and am looking to get a HELOC on one of the properties. I own it free and clear. It's not owned inside an LLC. Would prefer a HELOC instead of a cash out refi due to the costs of the refi. I've heard various things including that it isn't even possible to get a HELOC on an investment property in Texas due to some sort of regulations. So I'm wondering if it possible to get a HELOC on an investment property in Texas, and if so what are the limits (75%?), and if anyone can give recommendations on a lander?