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Updated almost 3 years ago on . Most recent reply

Patrick Williams's profile image
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Patrick Williams
  • Member since Jul 12, 2022
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Patrick Williams's profile image
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Patrick Williams
  • Member since Jul 12, 2022
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Patrick Williams
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Starting Out

HELOC on Investment property

Patrick Williams
Posted

Newbie here, I currently own a rental worth 200,000, bringing in 1200.00 a month, and its paid off. I wanted to obtain a HELOC, for down payments on additional rentals but is proving difficult. Is it more beneficial to get a cash out refi. at a fixed rate or just sell it and use proceeds for additional properties.

Dayton, Ohio
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Sean Johnston's profile image
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Sean Johnston
  • Rental Property Investor
  • from Westminster, CO
  • Member since Jul 20, 2022
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Sean Johnston's profile image
Sean Johnston's profile image
Sean Johnston
  • Rental Property Investor
  • from Westminster, CO
  • Member since Jul 20, 2022
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Sean Johnston
  • Rental Property Investor
  • Westminster, CO
12
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12
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Sean Johnston
  • Rental Property Investor
  • Westminster, CO
Replied

@Patrick Williams try finding a portfolio lender in your area. They should have a loan product like that works for you!

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