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Updated almost 5 years ago,

User Stats

27
Posts
2
Votes
Mark B.
  • Rental Property Investor
  • Saint Paul, MN
2
Votes |
27
Posts

HELOC in Georgia for SFR

Mark B.
  • Rental Property Investor
  • Saint Paul, MN
Posted

Hello all

I purchased a single family rental property in Forest Park, GA 2 years ago with 20% down. Recently I've been looking around on the web and the approximate value of the home has increased by about 10K. With that in mind I am interested in opening a HELOC on that property. Does anyone in the Atlanta area or GA as a whole know of a local bank that works well with investors? Or a national bank for that matter? Reading through the forums it sounds like most banks will not go above 70 or 80% LTV for an investment property HELOC, but I'm curious if anyone has had a different experience? Any help/insight is greatly appreciated.

Thanks

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