Home Equity Loan

[Vy Mai]

So we took out home equity loan from our main residence to buy a rental property.  Can I really take out home equity loan from our rental property to buy another rental property? I've read of it but I'm still not believing that it's possible and real?

[Maxwell Anyimah-mensah]

Yes...
That's the current strategy that I have been using... Bought rental properties that way last year... About to apply for a Heloc on the newest property to buy the next one... It depends on the banking institutions... So I find it best to work with local credit union.