Is it possible to get a HELOC under these circumstances?

[Matheu Santos]

I live overseas, but I own a rental property which I owe 240k and is worth 345k. My goal is to apply for a HELOC for a downpayment on another investment property. Is it realistic to get at least 10k from this strategy? My goal is to raise 35-45k for a down payment but it'll take me 1 year and half or 2. Is there a better option out there? Thanks in advance!

[Scott Trench]

If you can find a lender who offers HELOCs nationwide on investment properties (on properties that already have a 1st position note like a mortgage), please let me know and we will attempt to make this lender as famous as possible. Many investors are having this problem right now. 

I think a lot of investors are struggling right now with exactly how to get equity out of their properties without taking on seriously expensive private debt. There aren't a lot of good options. 

However, here are few to ponder: 

1) Consider a 401(k) loan from yourself. 

2) If you have stocks after tax, like through Robinhood or eTrade, consider a margin loan against that stock portfolio. They can often be fairly low rate, and a good source of financing.