HELOC on investment property w/ 6 other loans

Real Estate Investor · Los Angeles, CA · Member since 2016 · 14 posts · 2 votes

Please Help. I am looking for a HELOC on an investment property I own debt free. I have six mortgages on other investment properties and no private residence. Is there a Bank or CU that can help me?

SFH

Grand Rapids MI

6 months seasoned

Thank you,

Rafel

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Irina Belkofer
Real Estate Broker · Cleveland, OH · Member since 2017 · 719 posts · 658 votes
8y
Can you do HELOC on an investment property?
I think it was only line of credit like a mortgage
HELOC = home equity LOC, which means securedby your home as a primary residence.
Mortgage or othe type of loans can be done on investments, but I'm not a lender.
Ask @Chris Mason
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Chris MasonPro Member
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Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
8y
Originally posted by @Irina Belkofer:

Can you do HELOC on an investment property?
I think it was only line of credit like a mortgage
HELOC = home equity LOC, which means securedby your home as a primary residence.
Mortgage or othe type of loans can be done on investments, but I'm not a lender.
Ask @Chris Mason
Local regional banks and commercial banks will do HELOCs on investment properties. But it's all hyper-local. OP has some dialing for dollars to do!
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