HELOC on investment rental in Utah

[Emma Powell]

We recently relocated to Salt Lake and did not buy a house, choosing to rent instead until we get a feel for the place. Therefore, we do not have a primary residence where we can get a HELOC.

We were planning to purchase a rental and take out a HELOC on it, but have been unable to find a lender willing to offer it on investment properties. Where can we apply for a HELOC on investment for a house in this area?

If it's unlikely or impossible to get a HELOC, what is our next best option to borrow against rental equity?