HELOC On Rental Property

[Vinod Palle]

Hello,

I live in Northern Virginia and i bought a rental property in PG County, Maryland and rented it out.

I bought the property with cash in Feb 2020, no loans/liens on it.

Now i am planning to take a HELOC on this rental property.

Called couple of banks and seems like not many banks are doing HELOC on investment property.

Can anyone suggest me a lender who can give HELOC on rental property?

I am not looking for a cash out re-fi,

i just need HELOC, so i can use the money whenever i find another property, i may take couple moths or more than 6 months.

Thank you,

Vinod.