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Updated over 2 years ago,

Matt Jorgensen's profile image
Matt Jorgensen's profile image
Matt Jorgensen
  • Rental Property Investor
  • from Deerfield Beach, FL
  • Member since Nov 29, 2016
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User Stats

10
Posts
3
Votes
Matt Jorgensen's profile image
Matt Jorgensen's profile image
Matt Jorgensen
  • Rental Property Investor
  • from Deerfield Beach, FL
  • Member since Nov 29, 2016
Connect
Matt Jorgensen
  • Rental Property Investor
  • Deerfield Beach, FL
3
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

HELOC on Investment Property in Florida

Matt Jorgensen
  • Rental Property Investor
  • Deerfield Beach, FL
Posted

My wife's father passed away and we took on his home that has a good amount of equity (worth approximately $350k and owe $60k on it). We have it set up as a rental and is cash flowing about $1000 a month for us. I would like to find a bank that can do a HELOC on our investment property so that I can use that equity to go buy more rental properties. Does anyone have a lender they can recommend that can help us? Cash out refi is an option but I prefer the flexibility on the HELOC. Any help would be great.

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