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Updated over 5 years ago on . Most recent reply

Watson Hilaire's profile image
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Watson Hilaire
  • from Melbourne, Florida
  • Member since Sep 20, 2015
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Watson Hilaire
  • from Melbourne, Florida
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Watson Hilaire
  • Melbourne, FL
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Rehabbing & House Flipping

BRRR doesn’t work in Texas

Watson Hilaire
  • Melbourne, FL
Posted

Hello BP,

We have a SFR in schertz Texas we purchased in 2014. It's worth about $220k and owe 170k. The reason why I say BRRR doesn't in Texas is because we are trying to get a HELOC and the banks say it is illegal in Texas to do that on an investment property. We have tried several banks and keep getting the same answer. I am sure someone has been successful in this endeavor. Thoughts?

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Greg Scott's profile image
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
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Greg Scott
  • Rental Property Investor
  • from SE Michigan
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Greg Scott
  • Rental Property Investor
  • SE Michigan
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R = Refi, not HELOC

  • Greg Scott
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