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Updated 9 months ago on . Most recent reply

User Stats

58
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18
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Douglas Harris
  • Rental Property Investor
  • Washington DC
18
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58
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HELOC on owner financing

Douglas Harris
  • Rental Property Investor
  • Washington DC
Posted

BP family, 

I just purchased a home through seller financing. I have a great amount of equity in this deal. I want to do a HELOC on this investment property; however I am not sure if this is possible. Has anyone done a HELOC for a home that was owner financed?

Thanks in advance for your replies!

Doug

Most Popular Reply

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16,433
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12,718
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Ned Carey
  • Investor
  • Baltimore, MD
12,718
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16,433
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

I wouldn't use the term HELOC. I would say I want a buiness line of credit secured by real estate.

  • Ned Carey
  • Loading replies...