Investor line of credit like HELOC

Austin, Texas
Mortgage Brokers & Lenders
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Investor line of credit like HELOC

Sandeep Dhall
Investor · Austin TX · Member since 2015 · 68 posts · 32 votes

any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.

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Kerlous TadresBusiness Member
Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
10mo

If you share which city you own in, I can point you toward a few that are easy to work with. Feel free to reach out.

[email protected]614-490-1163
Kerlous Tadres | Reafco Real Estate542 Reviews
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  • Juan YepesBusiness Member
    Lender · Miami, FL · Member since 2025 · 131 posts · 38 votes
    10mo

    @Sandeep Dhall are these properties in an LLC or a personal name? Are you looking to qualify on personal income or just the property's rental income itself? We've worked with a few lenders that can assist in situations like this. Feel free to message me if you'd like to discuss further.

    [email protected]
    Helm Mortgage Corp - Juan Yepes, Director5125 Reviews
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    0Reply
  • Sandeep Dhall
    OP
    Investor · Austin TX · Member since 2015 · 68 posts · 32 votes
    10mo

    only on rental properties within an llc

    0Reply
  • Zachary Clevenger
    Investor · Bargersville, IN · Member since 2017 · 95 posts · 52 votes
    10mo

    DSCR Heloc could be an option.

    0Reply
  • Greg Kasmer
    Rental Property Investor · Philadelphia, PA · Member since 2021 · 782 posts · 505 votes
    10mo
    Quote from @Sandeep Dhall:

    any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.

    It's definitely harder to find a lender willing to do a HELOC in an LLC for investment properties. If their is no existing debt/loan on the property it will be easier, but if their is an existing mortgage and the HELOC is going to be in second position the field of opportunities definitely narrows. In Pennsylvania I've had some good luck with Fulton Bank. Not sure if they lend in Ohio, but would be worth it to inquire to see if they have any Ohio connections. Good Luck!

    0Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    10mo

    If you share which city you own in, I can point you toward a few that are easy to work with. Feel free to reach out.

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate542 Reviews
    WebsiteView Page
    1Reply
  • Alfath AhmedBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
    10mo
    Quote from @Sandeep Dhall:

    any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.


     I have a couple different banks i can recommend. I own 28 units here and sell over 120+ properties every year.

    [email protected]614-802-5698
    ReafCo | Ahmed Group 533 Reviews
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    • Sandeep Dhall
      OP
      Investor · Austin TX · Member since 2015 · 68 posts · 32 votes
      10mo
      Quote from @Alfath Ahmed:
      Quote from @Sandeep Dhall:

      any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.


       I have a couple different banks i can recommend. I own 28 units here and sell over 120+ properties every year.


       Thanks. Please suggest some names

      0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    10mo
    Quote from @Sandeep Dhall:

    any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.


     You might want to try a local commercial bank. 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 570 Reviews
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    1Reply
  • Peter Li
    Member since 2020 · 25 posts · 11 votes
    10mo

    If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.

    0Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      10mo
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 

      [email protected]818-269-7983
      LuxePrivate Investments LLC 570 Reviews
      WebsiteView Page
      0Reply
    • Peter Li
      Member since 2020 · 25 posts · 11 votes
      10mo
      Quote from @Erik Estrada:
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 


      Yes! They partner with lenders and do their own loans. I've been using Quickbooks for years so they're able to just review your P&L and balance sheet and provide immediate pre-qualification. 

      1Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      10mo
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 


      Yes! They partner with lenders and do their own loans. I've been using Quickbooks for years so they're able to just review your P&L and balance sheet and provide immediate pre-qualification. 


       Oh wow! Do they look at tax returns as well? Or is this purely stated financials?

      [email protected]818-269-7983
      LuxePrivate Investments LLC 570 Reviews
      WebsiteView Page
      0Reply
    • Peter Li
      Member since 2020 · 25 posts · 11 votes
      10mo
      Quote from @Erik Estrada:
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 


      Yes! They partner with lenders and do their own loans. I've been using Quickbooks for years so they're able to just review your P&L and balance sheet and provide immediate pre-qualification. 


       Oh wow! Do they look at tax returns as well? Or is this purely stated financials?


      I've never had to provide tax returns to Quickbooks! But recently they've asked me to authenticate in bank to review bank statements (probably to confirm cash flow). I remember just couple years ago they underwrote and qualified me based on stated P&L and BS only lol

      0Reply
    • Erik EstradaBusiness Member
      Lender · Member since 2022 · 6k+ posts · 1k+ votes
      10mo
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 


      Yes! They partner with lenders and do their own loans. I've been using Quickbooks for years so they're able to just review your P&L and balance sheet and provide immediate pre-qualification. 


       Oh wow! Do they look at tax returns as well? Or is this purely stated financials?


      I've never had to provide tax returns to Quickbooks! But recently they've asked me to authenticate in bank to review bank statements (probably to confirm cash flow). I remember just couple years ago they underwrote and qualified me based on stated P&L and BS only lol


       That's SOLID. How are their rates? 

      [email protected]818-269-7983
      LuxePrivate Investments LLC 570 Reviews
      WebsiteView Page
      0Reply
    • Peter Li
      Member since 2020 · 25 posts · 11 votes
      10mo
      Quote from @Erik Estrada:
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:
      Quote from @Erik Estrada:
      Quote from @Peter Li:

      If your financials are decent you should try Quickbooks. I have a LOC there and done a couple of term loans it's a really good option if you're already on there.


       Do they offer real estate HELOCS or Business LOCs? 


      Yes! They partner with lenders and do their own loans. I've been using Quickbooks for years so they're able to just review your P&L and balance sheet and provide immediate pre-qualification. 


       Oh wow! Do they look at tax returns as well? Or is this purely stated financials?


      I've never had to provide tax returns to Quickbooks! But recently they've asked me to authenticate in bank to review bank statements (probably to confirm cash flow). I remember just couple years ago they underwrote and qualified me based on stated P&L and BS only lol


       That's SOLID. How are their rates? 


       They're ok... I never really shopped them around too aggressively just because it was so convenient to get and underwrite.

      0Reply
  • Thomas TalbertBusiness Member
    Property Manager · Austin, TX · Member since 2024 · 96 posts · 71 votes
    10mo
    Quote from @Sandeep Dhall:

    any recommendation on who can provide line of credit. rental properties in ohio. I live in austin. I want to just have access and pay interest only when I pull the money out.


     Honestly I need to do more of this. Fined lines of credit when you don't need it!

    [email protected]512-342-9566
    Prime Properties4.4234 Reviews
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    0Reply
  • Andrew Lee
    Lender · Grasonville, MD · Member since 2025 · 70 posts · 16 votes
    9mo

    Hi Sandeep, my name is Andrew and I am a direct nationwide lender. I do not offer HELOC for investment property but can do refi-cash out or bridge loans to help with short term capital needs.

    0Reply
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