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Updated about 8 years ago on . Most recent reply
2017 - HELOC for Investment Rental Properties
Has anyone obtained a HELOC or other similar loan on their Single Family Home Rental Investment properties Recently?
Who was the lender?
What were their rates, terms, fees, appraisal/inspection requirements?
How was your experience?
Thank you in advance for sharing...
Most Popular Reply
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Mike B. Lines of Credit on an investment property are normally obtained by local lenders. The ones we use here in Texas usually only have just a few branches. If you have some investor networks in your area it would be good to attend some meetings, join their website forums, etc. You also might try a post similar to this here but use the city you are needing the LOC in the subject line to help other BP to identify your post to comment on it. Hope this helps!