Investment Property Refinance Question in Nashville

Realtor · Nashville, TN · Member since 2020 · 172 posts · 92 votes

Hey guys - I got my start in investment property with my work in sober-living. Our first home that we bought over 5 years ago now has equity of about $150k.

How would you put that equity to work to help purchase another investment property?

615-979-1644

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Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y
@David Goodman Get you a heloc from PenFed and use it to do some BRRRRs. Can't do them in Nashville though. Look to clarksville or Memphis.
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David GoodmanBusiness Member
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Realtor · Nashville, TN · Member since 2020 · 172 posts · 92 votes
6y
@Lucas Carl
They will do a HELOC for an investment property?
615-979-1644
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David GoodmanBusiness Member
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Realtor · Nashville, TN · Member since 2020 · 172 posts · 92 votes
6y
@Lucas Carl
They will do a HELOC on an investment property? Those are harder to find, right?
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Luke CarlPro Member
Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
6y
Originally posted by @David Goodman:
@Lucas Carl
They will do a HELOC on an investment property? Those are harder to find, right?

Sure they will. As long as you have under X number of financed properties. I think 3.
LTV wont be as high as a primary. There are plenty of places that offer this. I've used pen fed they're ok.

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