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Updated almost 3 years ago, 02/03/2022

User Stats

11
Posts
5
Votes
Andrew McManus
  • Rental Property Investor
  • Pine, CO
5
Votes |
11
Posts

HELOC on rental property

Andrew McManus
  • Rental Property Investor
  • Pine, CO
Posted

Does anyone here have experience getting an equity line of credit on a rental property? I have about $200,000 equity in a rental property in California and I currently live in Colorado. I’m getting shot down by every local bank and credit union that I call. The banks i called in CA won’t loan on non-primary residences and the CO banks that can loan on rentals can’t use a CA property. Any lender referrals would be appreciated.

Thanks!

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