Pittsburgh BRRR financing + Investment HELOC

[Account Closed]

Hello all, I am looking for two financing options. First is a cash-out refinance of a rental duplex I just purchased for cash. The plan is to do a moderate rehab and then get a 30-year mortgage. Most banks seem to want a 6-month seasoning period before they will finance it. Does anyone have a recommendation for a bank that will do it sooner? Second, I would like to get a HELOC on an investment property. So far I have not found a bank who will even consider it. I have heard of commercial lenders doing a line of credit using multiple investments as collateral. I have three different properties that each have ~$50k in equity. Ideally I could pool these together to get one large HELOC. Does anyone have experience with this?

[Joanna Gossett]

Andy Ballester have you thought about trying to apply for a personal line of credit vs. one with collateral? You might have better chances of getting approved.