Slow and steady.

Hello,I know this has been posted a few times, but as the landscape for these products tends to change frequently, is anyone aware of any lenders that are offering HELOCs on a rental property (duplex specifically) in Texas right now (Aug 2024)?

If it is production builder, you're probably getting what they offer you. 

Hey guys,Just trying to learn more about options available for multifamily loan products that are out there.

Right now my head is swimming with all this new content, but I'm optimistic that things will eventually slow down.

A good local realtor will be able to guide you on the neighborhoods and should have deals available to you that aren't being listed to the open market. keep in mind intel facility is going to be a slow roll given the state of the company.. its not going to be like the intel fab in Oregon and Arizona that created massive RE opportunities

I would use the minimum I needed to make the STR successful, and have a backup plan if the STR lost money.In other words, this might be best suited for someone with a big W2 shovel, they just don't have the full downpayment built up yet, but if they ran into future issues or slow STR months, their W2 could cover it (and the HELOC payment).Also, you have to really research your STR investment first to be almost certain it will profit.  

Since the product is still so new, they've been granting beta testers free access to the product's functionality in exchange for feedback and bug reports.

While definitely not a local credit union, we have some great options for HELOC products. 

It’s entirely likely you would have to switch insurance products  - going to a commercial policy - but check with your carrier.