The HELOC replaces the mortgage in that case, giving you access to as much as 95% of the appraised value of the home.If you do it that way, you can plow all your money into the HELOC, hacking away at your mortgage while you're looking for a new job and a new home, and once you find both, you can pull the stored equity from the home and use it to purchase a new primary.Once the HELOC is in place, you can forever use it as a revolving line of credit to invest in new rentals.If you refinance, even at a better rate, the bank wins.

If they are to sell the land, they would come into some money that they had previously not had access to. 

I have about 14k in easily accessible cash saved.

They will have access to active investors in that market who could make an unsolicited offer on the property.

Many folks are looking for less risk and volatility than Wall Street can offer, but don't know it's out there or how to access it.

Hi,I purchased my first rental property in cash in January this year (In Texas), which I then placed in a LLC.  I now have a renter with a years lease. I'd like to pull the equity out of the property to finance a 2nd ...

Usually built to modern electric and plumbing code and super easy to repair or fix issues because you have both attic and basement access most of the time.

I'm sure they are all in the WEBINAR ARCHIVE but you need a PRO or PREMIUM membership to access that.

@Kevin Kohler was looking mainly for typical residential HeLoC access with the property securing it.

@Jason BartonI am a mortgage broker in Texas and have access to several lenders whom do DSCR loans.In a nutshell:Income, Employment, and DTI aren't a factor.It's all about the property, your cash down, and credit worthiness.The DSCR calculation is generally NOI/PITIA = DSCRSome lenders will go as low as .75% DSCR but will want more money down. 1.00% is the standard, some drop rate is over 1.25%.