Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
HELOC on a Rental property
Hello everyone, I just had my 1st 2 flip opportunities come up in the phoenix area at the same time. i have 6 rental properties with lots of equity in them. i just took a heloc on my personal residence for 100k(with flagstar). id like to get approval for another 100k and do another heloc on a rental property so i can buy the flips with cash. what bank/provider/idea would you recommend for the 2nd heloc? flagstar wont do it unless 1 of the properties is a 2nd home/vacation rental.THANK YOU!