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Updated over 6 years ago on . Most recent reply

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John Barr
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John Barr
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Creative Real Estate Financing

Line of credit on an investment property in Austin, TX

John Barr
Posted

Hello,

Is anyone aware of banks in and around Austin, TX that allow you to take out a line of credit on an investment property? This is the only home I own and we lived in it for almost 3 years before beginning to rent it out. Our current mortgage company said these don't exist in Texas. Any advice or tips would be greatly appreciated!

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David Ivy
  • Real Estate Broker
  • from Austin, TX
  • Member since Apr 14, 2016
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David Ivy
  • Real Estate Broker
  • from Austin, TX
  • Member since Apr 14, 2016
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David Ivy
  • Real Estate Broker
  • Austin, TX
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David Ivy
  • Real Estate Broker
  • Austin, TX
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@John Barr

There was a good BP thread on this that started a couple years ago. Check out the whole discussion here.

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