Home equity line of credit on investment property in Texas

[Arun Chandra]

All,

I’ve called several banks in Texas already but they have all seem to not give home equity lines of credit on a investment property. Only on owner occupied places. 

Should I keep calling around or is that something that is not allowed by rules and regulations?

Background: I have a SFR that I purchased in 2014 as a investment property. This was not owner occupied or a second/vacation home. Looking to get a line of credit to purchase more real estate.

Any help is highly appreciated!

[Andrew Postell]

@Arun Chandra you can absolutely do a HELOC on an investment property here in Texas. Admittedly, it is extremely difficult to find though. What part of Texas is your property in? I am in Dallas-Fort Worth so all of my contacts are here. I had to call about 200 banks but I did find 4 that can do it. PM for more details.