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Updated almost 2 years ago,
HELOC from rental property
Hello! What banks have you all had luck with for HELOC's?
I recently rented out of my former primary residence and tried to get a HELOC through US Bank. My goal with the HELOC is to use the money to purchase another investment property. US Bank told me they could not since it is not my primary residence and their Mortgage Department would have to reach out.
Does anyone here have experience with US Bank HELOC's and if not, maybe HELOC's in general and has recommendations. Any help would be greatly appreciated. Thank you!