Looking for investment heloc products

[Jose Ramirez]

Hi group I’m looking for lenders that have programs for heloc on investments properties I’m in lake county IL right now I believe is better to do a heloc or 2nd loan because if I do cash out refi I be loosing cash flow or any advise 

[Matthew Crivelli]

@Jose Ramirez

HELOC's are very hard to come by for investment properties, they are also short term loans that are typically interest only with a balloon payment at the end. You are running into the same predicament that many homeowners / investors are running into these days. Want to access equity but don't want to take on a higher rate. Unfortunately, this is near impossible without selling the property, rates are up and are likely staying high.

[Deitra Jones]

Navy Federal Credit Union, they do it for investment property. There may be a limit you can borrow, I think its 100k. Plus it maybe a high interest rate.