REHAB $20k, ARV 120-130. (4 bed, 2 bath 1600SF in North Carolina)Likely rental 1100-1200.Initially I bought to hold for a modest cash flow.However,Here’s the query, about 3 weeks out from completion, and portfolio lender is excited to push me a $100k HELOC on this property.

We are having some difficulty finding lenders that will do a HELOC on our investment property.

@Melissa Dry Why not do a line of credit (HELOC)?

HELOC or just an equity loan for such a small amount?

We have only used conventional funding for past house purchases (4 buys, 1 sell) and are looking to take advantage of HELOC or other forms of equity to fund some BRRRR. 

While doing this, I thought about taking a HELOC out on the rental and use that to buy, rehab, and rent out new properties, each time doing a cash refi to pay off the HELOC.

We did have to use a HELOC to make the down payments on them and we owe $139k on that to another bank.I could get more in the weeds if you need me to but thats the basics of our situation.

We did have to use a HELOC to make the down payments on them and we owe $139k on that to another bank.I could get more in the weeds if you need me to but thats the basics of our situation.

Master this, and you can buy one of these per year for infinity years, take on no debt, and cashflow 500/door.... then when you feel really good about your deals, take HELOCs on a few of them and now you have a personal line of credit to buy more, improve more, or to step up and get into multi-fam.Reach out, happy to chat, Matt

What is the highest LTV you can get for an investment property for HELOC?