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Updated about 5 years ago on . Most recent reply

Jamaar Brown's profile image
Jamaar Brown's profile image
Jamaar Brown
  • from Virginia Beach, VA
  • Member since Nov 10, 2017
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Jamaar Brown's profile image
Jamaar Brown's profile image
Jamaar Brown
  • from Virginia Beach, VA
  • Member since Nov 10, 2017
Connect
Jamaar Brown
  • Virginia Beach, VA
6
Votes |
26
Posts
Private Lending & Conventional Mortgage Advice

Take equity out rental to buy another

Jamaar Brown
  • Virginia Beach, VA
Posted

Hello everyone and happy new year.

My question is I own a rental house in Anchorage, Alaska, but I just moved to Virginia Beach, Virginia, where I purchased another rental. Now I want to take the equity out the Anchorage house and buy another house here in Va Beach. From my understanding the heloc can’t be done because that’s only for primary residence. Does anyone know a bank that will give me a line of credit so I can put a deposit on another house?

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Jamaar Brown's profile image
Jamaar Brown's profile image
Jamaar Brown
  • from Virginia Beach, VA
  • Member since Nov 10, 2017
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User Stats

26
Posts
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Votes
Jamaar Brown's profile image
Jamaar Brown's profile image
Jamaar Brown
  • from Virginia Beach, VA
  • Member since Nov 10, 2017
Connect
Jamaar Brown
  • Virginia Beach, VA
6
Votes |
26
Posts
Jamaar Brown
  • Virginia Beach, VA
Replied

@Sovat C. How are they?

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