Investor · West Caldwell, NJ · Member since 2020 · 4 posts · 1 vote
I currently own 3, 1 bedroom condos in Jersey City, NJ. One of them is paid off. I’d like to get a line of credit on it so that I’ve got cash ready to go in case a great opportunity comes in 2021. What would be the best way to go about getting a competitive one (800 + FICO) other than just getting one from my regular bank?
TD Bank will do up to a 75% LTV HELOC on an investment property. If you shop around you may be able to find a lender that will go higher. I suggest checking with local credit unions.