ELOC on Homestead when owning more than 4 investment properties

[Adriel Ramirez]

Has anyone been successful in getting an Equity Line of Credit approved on their Homestead when owning more than 4 investment properties in addition to their Homestead?

... I own my homestead and 11 rental properties and Wells Fargo told me that in the industry no one will approve me an ELOC when I own more that 4 properties in addition to my homestead. 10 properties have conventional loans.

Any experience with this or comments will be appreciated !  My plan was to establish an ELOC on my homestead to make more investments.

Thanks.

Adriel Ramirez.