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Updated almost 4 years ago on . Most recent reply

Charles Hetrick's profile image
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Charles Hetrick
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Charles Hetrick's profile image
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Charles Hetrick
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Charles Hetrick
2
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7
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General Landlording & Rental Properties

Equity line of credit on rental property

Charles Hetrick
Posted

I have four rental properties. We were wondering if getting a equity line of credit on rental property is possible and what are some good places to look into and rates.

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Derrick E.'s profile image
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Derrick E.
  • Investor
  • from The Creek, West Virginia
  • Member since Oct 20, 2014
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Derrick E.'s profile image
Derrick E.'s profile image
Derrick E.
  • Investor
  • from The Creek, West Virginia
  • Member since Oct 20, 2014
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Derrick E.
  • Investor
  • The Creek, WV
1,439
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Derrick E.
  • Investor
  • The Creek, WV
Replied

Are you talking about a HELOC on a rental property? If so then absolutely. I have one on one of my properties. I had to go through a local bank which ended up being a blessing in disguise as the local bank is awesome to work with. Best of luck.

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