Looking for HELOC on duplex in Denver, CO - Help please!

[Catherine Peters]

Hi BP Tribe!

We are getting our financing sorted so we can invest in some new rental properties, and have a duplex in Denver that has a ton of equity in it. We've looked into getting a HELOC on the property but none of the lenders we've talked with are interested in doing a HELOC on an investment property. We could do a cash-out refi, but I'm not sure I want to go that route. I'd love to hear from other investors who either a) can recommend a lender that will do a HELOC on an investment property or b) recommend doing the cash-out refi instead (and if so, why please). You guys have never failed to offer up excellent recommendations and solutions, and I'm crossing my fingers that this will be no exception. Thank you in advance!

Cat