Other than HELOC possible on rental property?

[Paul Winka]

I talked to loan rep for an hour this week about using a HELOC on a rental property I own F&C only to find out later that day that they don't do that except for owner occupied homes. I am planning to call some other banks this Thursday, but wanted to reach out and ask: Is this rather standard to not get a HELOC on a rental property? I'd rather not do a "one time" refinance for conventional financing. The goal is to have readily available access to $20 - $50K that I would quickly repay. Any specific bank recommendations would be appreciated.

[Jennifer Lee]

I haven't had luck with HELOC on my rental. I had HELOC on my Primary, and we pull the equity to pay cash for our next investment (saving + Heloc) at the time interest was 2%. and we paid back ASAP. and repeat when we have enough savings.