Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Can I get a HELOC on a rental property?
I was talking to a friend who also invests in rental properties, and he encouraged me to get a HELOC on my existing house. He mentioned that I could roll my mortgage balance into a HELOC. I called up a regional bank to inquire, but was told they can't do a HELOC on rental property, only a primary residence or summer home.
Is that true for all banks or is it dependent on the bank?
Thanks in advance.