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Updated almost 6 years ago on . Most recent reply

James Gardner's profile image
James Gardner's profile image
James Gardner
  • Rental Property Investor
  • from Port Saint Lucie, FL
  • Member since Aug 7, 2018
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James Gardner's profile image
James Gardner's profile image
James Gardner
  • Rental Property Investor
  • from Port Saint Lucie, FL
  • Member since Aug 7, 2018
Connect
James Gardner
  • Rental Property Investor
  • Port Saint Lucie, FL
1
Votes |
10
Posts
Tax Liens & Mortgage Notes

Is Is it possible to obtain a Heloc without any income?

James Gardner
  • Rental Property Investor
  • Port Saint Lucie, FL
Posted

I have a relative that has a lump sum of money but no proof of income. He has a friend in the construction industry, and with his friend’s assistance, he plans on building a 3br, 3 bath, house for around 100k. After building the house he wants to take out a Heloc on the property. Is it possible for him to do a Heloc on the property, although he does not have any proof of income.

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