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Updated almost 5 years ago, 03/17/2020

User Stats

61
Posts
14
Votes
Rickey Wiley
  • Rental Property Investor
  • Richardson, TX
14
Votes |
61
Posts

HELOC on multi-family investment property

Rickey Wiley
  • Rental Property Investor
  • Richardson, TX
Posted

I'm needing help funding my next investment property. I currently own 3 properties (all duplexes). I don't have much equity in my primary residence, but I have est. 100k in one of the duplexes I own. Are there any banks that will allow me to do a heloc for a duplex as an investment property? I only buy small multi-family and at this point my issue is getting the financing for the next property. If that isn't possible what is the best option for me? I'd love any advice

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