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Updated over 7 years ago on . Most recent reply

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56
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10
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Joe Xie
  • Real Estate Investor
  • San Jose, CA
10
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56
Posts

Can I have a line of credit on rental property?

Joe Xie
  • Real Estate Investor
  • San Jose, CA
Posted
Can I have a line of credit on rental property which I have lager equity in it? What is the process and what is the cost? I am in CA.

Most Popular Reply

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9,934
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10,788
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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Katherine S.:
Does having a HELOC on an investment property impact the "10 investment properties" rule?

 If the property is otherwise owned free and clear, yes. If it already has a mortgage anyways, no. 

  • Chris Mason
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