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Updated almost 7 years ago on . Most recent reply

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Javier Guanda
  • Investor
  • Hollywood, FL
4
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14
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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

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Joshua D.
  • Investor
  • Columbus, MT
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Joshua D.
  • Investor
  • Columbus, MT
Replied

try a credit union or other small local bank? 

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