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Updated over 5 years ago, 09/24/2019

Watson Hilaire's profile image
Watson Hilaire's profile image
Watson Hilaire
  • from Melbourne, Florida
  • Member since Sep 20, 2015
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User Stats

99
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42
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Watson Hilaire's profile image
Watson Hilaire's profile image
Watson Hilaire
  • from Melbourne, Florida
  • Member since Sep 20, 2015
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Watson Hilaire
  • Melbourne, FL
42
Votes |
99
Posts
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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