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Updated over 4 years ago on . Most recent reply
![Inna Pakhalyuk's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1261015/1621510765-avatar-innap6.jpg?twic=v1/output=image/crop=402x402@0x93/cover=128x128&v=2)
Bought Investment Property For Cash With Intentions to Get HELOC
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $200,000
Cash invested: $200,000
Bought a twin house that was converted into a duplex.
Monthly income from 2nd floor is $1,200 and first floor $800.
I plan to tap into equity by getting HELOC, but Im faced with an issue of fining a lender that will open HELOC against investment property. Its very difficult to find one unfortunately. Any suggestions are appreciated!
![](https://assets1.biggerpockets.com/uploads/investment_image/image/43598/medium_image.jpg)