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Updated over 6 years ago on . Most recent reply

User Stats

14
Posts
4
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Javier Guanda
  • Investor
  • Hollywood, FL
4
Votes |
14
Posts

HELOC on paid off rental property?

Javier Guanda
  • Investor
  • Hollywood, FL
Posted
Hi! BP people, I was unable to find an answer for the following question. I own a Townhouse (no mortgage), which is being rented. I was wondering if I can do a HELOC ? I understand that banks don't like HELOC when is not your primary residence, but mine is already paid off. Advice will be appreciated. Thank you! Javier

Most Popular Reply

User Stats

1,255
Posts
1,097
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Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
Posts
Joshua D.
  • Investor
  • Columbus, MT
Replied

try a credit union or other small local bank? 

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