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Updated over 6 years ago on . Most recent reply

Equity Line of Credit
Hey Gang,
I've been in the game for just a few years and been able to acquire 4 properties with 5 doors. It's been a blast but I did this mostly by muscling through the learning curve (of which I know I still have far to go) and using my savings from my W2 job. I have reserve for my properties but not a lot extra for portfolio growth.
So here is the question..... Does anybody know of banks willing to give equity line of credit so I can BRRR my way to success? I am in the Orlando Fl. region.
I have learned alot with what I have done so far (homes that were almost turnkey) but am ready to take on the challenge of moving into the next level.
Thanks in advance.
Most Popular Reply

I also invest in Florida, and have spoken to pretty much every lender in my local area. I have found that TD Bank, Trustco Bank and PenFed will do HELOCs on investment properties.