HELOC or Home Equity Loan Options In Texas - Need HELP!

[Terrance Lee]

Investors with property in Texas....I have a rental property in Fort Worth that I'm looking to get either a HELOC or Home Equity Loan on, the intent is to use that as funding toward my next property (preferably multi-family). After calling several banks and credit unions, I keep getting told that HELOCs and Home Equity Loans are only offered in Texas on primary residences, not investment property. I'm hearing that my only option would be a cash-out refinance.

Has anyone been successful getting a HELOC or Home Equity Loan on investment property in Texas? Is Cash-out refinance the only option?

Thanks!

Terrance Lee