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Updated almost 9 years ago on . Most recent reply

User Stats

69
Posts
49
Votes
Chris Licavoli
  • Engineer/Investor
  • Suches GA
49
Votes |
69
Posts

Portfolio HELOC?

Chris Licavoli
  • Engineer/Investor
  • Suches GA
Posted

Does anyone have experience obtaining Home Equity loans accross a portfolio of rental properties? Do lenders do this? Let me be clear, I am not asking information on a lender becuase they will delete me. I am justing generically what type of lenders do this this and how does it work...do they place liens against all properties involved?

Thanks

Most Popular Reply

User Stats

475
Posts
211
Votes
Dennis Tierney
  • Investor
  • Omaha, NE
211
Votes |
475
Posts
Dennis Tierney
  • Investor
  • Omaha, NE
Replied

Chris Licavoli I don't have personal expeirence but do know a local SFR investor who does have a busines LOC just like Paul Cordero suggested. I would think you could get a LOC based on the properties that are free and clear from a local bank. I also would not lose those loans you have at a great rate.

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