Open HELOC Strategys

[Armando Payano]

Hello BP

A few of our SFR property's we either own outright or have a large amount of equity in. One of them I have an open HELOC on. I am hoping to get another HELOC on a property I own. Our plan is is to use these lines of credit to purchase a small multifamily property between 8-16 units. In our market cap rates are far to low and after about 6-8 months of searching have not found an investment that meets our criteria. We are patient and are targeting certain owners we think may yield a good deal. However, I am concerned that with interest rates on the rise the banks may cancel our lines before I have the chance to find a worthwhile deal. My question is what are some strategy's for not losing these lines of credit or keeping them 'active'