Updated about 1 year ago on . Most recent reply
HELOC on investment property
Hi I live in West Palm Beach and I own an investment property (condo) in Miami. I own it cash and it cash flows me about $1900 a month after the hoa. I am realtor and my husband is a contractor- we want to get a heloc on the condo so we can begin out first flip together and be able to use the funds when we need and then put it right back after closing. I am finding that most credit unions will only do helocs on primary residence. Does anyone know a credit union that will do a heloc on an investment property in FL? Or any other creative way to get funds?