Can’t seem to get a HELOC on my investment property!?

[Vinnie Gatti]

Hey BP family,

I am pretty new to the RE world. I have one property that I bought, flipped, and now rent. When I flipped it, I close to doubled its value (it was a real dump) and now I have a full time renter, and the house is payed off. I want to repeat this process but am having a hard time getting another loan. I thought I would be able to take a HELOC based on the equity that I built into the home but because it's an investment property, banks will not give me a loan.

I have been to 3 banks in the area and have had the same results at each of them. Before I keep knocking on doors, I figured I would reach out and ask for help here first. Any ideas??