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)?

The city's diverse population and economic stability, thanks to major industries like logistics and healthcare, also play a big role.Memphis offers attractive rental yields and a vibrant cultural scene, making it a great place for both renters and investors.

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

Unlike a BRRRR strategy, an ADU offers an increase in living space and potential income, contributing long-term value and stability, especially as the real estate market evolves.4.

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. 

Then, stabilize that operation so that it continues to grow without requiring much of your time/energy.

@Yim VangWhat you want to do is acquire the STR with a bridge loan, stabilize the asset and then refinance into the 30Y DSCR loan. 

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

Original “living room”New: Office SpaceOriginal BedroomNew BedroomOriginal BathroomNew Bathroom: View 1New Bathroom: View 2INTERIOR PRODUCT AND DESIGN CHOICESCooking and dining together is a big family activity for us.