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Updated over 3 years ago,
Has Anyone gotten a HELOC lately
Hi BP family. I've been calling lenders for the last 2 months trying to see who is still offering lines of credit on investment properties I hold in my name. with the increase in home values here n Charlotte, NC I have a lot of equity I want to tap. But I don't want to do a cash out refi because I really hate paying on money I'm not using. My intent is to use the line to either be able to buy quickly with cash or use the line *** down payments and rehab money on fix and flips or for properties I would buy with private money and then refi after rented. If anyone has been able to actually get a line on their rentals I would be eternally grateful to get some info.
Thanks in advance