Can I HLOC 3 properties?

1 Reply

I have 3 properties one being my primary residence. Property one is appraised at 145k and has 112k owed on it. Property two is appraised at 140k and has 108 owed on it. Property 3 is appraised at 245k and has 228 owed on it. Can I get a HLOC for all 3 properties with a lender to have a line of credit for buying?

@Tim McGough

You'd have to combine all 3 mortgages into 1, and then get a LOC on that, but only for 70% and it doesn't seem you have enough equity to do that right now.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you