Line of Credit on Rental Properties in Texas

[Matthew Marcelissen]

Hello, everyone!

My name is Matt and I'm in Houston, TX. We know that Texas has some pretty annoying HELOC regulation; it is not possible for a HELOC on anything other than a primary.

I'm looking for a lender who offers a line of credit on the equity in rental properties. I thought I found a Texas-based lender who offers an amazing product. It's a line of credit that will pool the equity in up to four rentals. I could use this line of credit to buy and rehab ugly properties before slapping a DSCR on the finished product. But, this lender doesn't respond to emails / calls and I'm leary of moving forward.

If anyone has any lender / product recommendations, I'm all ears!

Thanks,

Matt