Need bank for HELOC on Rental Property

[Paul C.]

Hi guys,

I am looking to start my BRRRR career by using a HELOC on the first home we purchased and lived in for 1.5 years, but that we have been renting out since February 2018. I have found one major bank that will give us a HELOC on a rental and called ~30 other banks/credit unions in Atlanta, Georgia and none of them would offer the HELOC unless it is a primary residence. Does anyone have any suggestions on banks that will lend on a rental property? Also, should I look for a broker that specializes in BRRRR to help me out?

Thanks for any and all advice!

[Chris T.]

@Michael Barbari

Do First Midwest Bank lend in GA?