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Updated almost 6 years ago on . Most recent reply

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Brian Sanchez
  • Rental Property Investor
  • San Diego, CA
3
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31
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HELOC on an investment property

Brian Sanchez
  • Rental Property Investor
  • San Diego, CA
Posted

I have been told banks will not provide a HELOC on a investment property. Does anyone have experience with this? I am doing a BRRRR and I'm fine with doing a CO Refi but HELOC might give me more to reinvest. Seems banks willing to provide a HELOC are hard to find.

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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,241
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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Brian Sanchez if you have 3 properties or less including your primary and the rental is in your name you can get a Heloc on a rental at Pen Fed at 80%LTV.

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