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Updated over 5 years ago, 04/29/2019
Can I get a line of credit for Investment Properties?
My wife and I own 3 properties, two of which are rental properties. We are very new to real estate investing, but off to a good start. We recently turned our primary residence into a rental, and have about $100k in equity in that property. We bought a new primary residence where we have very little equity. I've been told that I cannot get a line of credit on our rental properties-- is this true? I listen to these podcasts, and it sounds to me that I can definitely get a line of credit on rental properties. Your experience and insight would be greatly appreciated. Thank you in advance!