Line Of Credit on existing investment propoerty

[Kunal Mishra]

Hello All, 

Is it possible to receive a Line of Credit on an investment property that I currently own in New Jersey, it gives a positive cash flow. 

I do understand it needs to have some Equity in it, based is this something that I can opt for or I should look for a simple cash out refinance.

Thanks

[Kris Haskins]

HELOCS are a great way to get fast cash to buy other houses.  Make sure you don't buy consumable goods tho...