Anyone gotten a HELOC on an Investment Property in Texas?

[Kraig Kujawa]

Hi there,

I'm having a hell of a time getting a good HELOC on my investment property in Texas. I live in Orlando, FL.

I have excellent credit and the property is completely paid off. But it seems that local lenders in Texas can't do HELOCS on investment property. Chase and Wells Fargo will, but their fees and terms are very much on the high side. No Florida banks will touch a HELOC on a Texas property.

Can anyone help me out on this one? It's seeming way harder than it should be.

Thanks!

Kraig