How can I take some equity out from my rental portofolio!

[Daniel Tanasa]

Hello!

I just spoke with a lender that does HELOC and they told me they only do HELOC for primary homes, not for rentals. Have anybody worked with a lender that do do HELOC on rental properties as well? If yes, please leave me the contacts to see if they can help me as well.

Also, How do you go about pulling out equity from your rental portfolio in this High Interest Rate environment? 

Thanks in advance for your answers!

[Miranda Holland]

Quote from @Daniel Tanasa:

Hello!

I just spoke with a lender that does HELOC and they told me they only do HELOC for primary homes, not for rentals. Have anybody worked with a lender that do do HELOC on rental properties as well? If yes, please leave me the contacts to see if they can help me as well.

Also, How do you go about pulling out equity from your rental portfolio in this High Interest Rate environment? 

Thanks in advance for your answers!

When it comes to private lending companies, the interest rates for cash out refis are starting somewhere around 9% for borrowers with good credit right now. 

The most efficient way to find an institutional lender that will do a HELOC on investment properties might be to go through a licensed mortgage broker