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All Forum Posts by: David O'Brien

David O'Brien has started 1 posts and replied 2 times.

Kansas City Real Estate Forum

Post: HELOC Financing Question

David O'BrienPosted
  • Wildwood, MO
  • Posts 2
  • Votes 3

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.

2 Votes
Kansas City, Missouri
St. Louis Real Estate Forum

Post: Local bank for HELOC on Rental Property?

David O'BrienPosted
  • Wildwood, MO
  • Posts 2
  • Votes 3

Know of any local banks that will do a HELOC on a rental property?

So far BOA, Regions, US Bank, and First Community have said no. Regions will do 70% LTV Home Equity Loan on a rental property for 15 years.

1 Vote
Saint Louis, Missouri