HELOC Financing Question

[Jacob Greenhoe]

Hello. I'm hoping the community here might be able to give me a recommendation on a bank or credit union in the Kansas City area that would do a HELOC on an existing rental property. The rental is completely paid off but I would like to access around 15-20k for a primary residence. I checked with Mazuma as they originally held the mortgage on my rental but they will only allow HELOC in an owner occupied residence. Please any help would go a long way. Thank you!!

[David O'Brien]

I don't think you'll get far asking for a HELOC for a rental property (I didn't). I do have a commercial line of credit for my properties in St. Louis.

I did find one bank (I think it was Regions) that would do a Home Equity Loan (not HELOC) on an investment property - but I was looking for the liquidity of a line of credit.