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General Real Estate Investing

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12
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6
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Robert Howell
Pro Member
  • New Jersey
6
Votes |
12
Posts

PML, HML, Real Estate Loans, Mortgages, Helocs

Robert Howell
Pro Member
  • New Jersey
Posted Feb 15 2024, 11:39

I am looking for a Heloc on an investment property in NYS. I am also open to a fix and flip loan/mortgage for NJ. Thank you

User Stats

504
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262
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John O'Leary
  • Lender
  • Winter Park, FL
262
Votes |
504
Posts
John O'Leary
  • Lender
  • Winter Park, FL
Replied Feb 15 2024, 11:49

HELOCs aren't really offered on investment property. There are cash-out DSCR options that allow you to tap into the equity.

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792
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149
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Jacob Sherman
Pro Member
  • 12 Penns Trail Suite 138 Newtown, PA 18940
149
Votes |
792
Posts
Jacob Sherman
Pro Member
  • 12 Penns Trail Suite 138 Newtown, PA 18940
Replied Feb 15 2024, 14:38

What's the scenario looking like ? 

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