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Updated over 4 years ago, 07/29/2020

User Stats

6
Posts
3
Votes
Tanner Forster
  • Rental Property Investor
  • Elgin, IL
3
Votes |
6
Posts

HELOC on an investment property.

Tanner Forster
  • Rental Property Investor
  • Elgin, IL
Posted

Hello.

I'm working on purchasing my next investment property in Southern McHenry country Illinois. I've been reaching out to local banks and credit unions looking for someone to do a HELOC on my existing investment property (Long term rental) that's in Elgin IL. While I've had some success, they would want to hold the primary mortgage as well. this isn't a huge deal but I'd rather avoid the hassle. Does anyone have any referrals in the area?

Thanks!

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