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Updated over 5 years ago,
Just purchased another SFH wanting to take HELOC on 60k property
I would like to take a Heloc out on a rental I just bought but I talked to a loan officer and he said the property must be worth 100k or better I have a house that’s worth more than a 100k but I don’t want to Heloc that one. Any advice ? I’m not much for risk at this point in the game and don’t want to lose anything