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Updated about 2 years ago on . Most recent reply

Amran Musaid's profile image
Amran Musaid's profile image
Amran Musaid
  • Member since Dec 5, 2021
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Amran Musaid's profile image
Amran Musaid's profile image
Amran Musaid
  • Member since Dec 5, 2021
Connect
Amran Musaid
12
Votes |
39
Posts
Private Lending & Conventional Mortgage Advice

HELOC on portfolio

Amran Musaid
Posted

Is it possible to get one HELOC for my entire portfolio?

  • Amran Musaid
    • Oakland, California
    1 Vote
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    Austin F.'s profile image
    Austin F.'s profile image
    Austin F.
    • Investor
    • from Michigan
    • Member since Sep 8, 2015
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    Austin F.'s profile image
    Austin F.'s profile image
    Austin F.
    • Investor
    • from Michigan
    • Member since Sep 8, 2015
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    Austin F.
    • Investor
    • Michigan
    479
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    227
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    Austin F.
    • Investor
    • Michigan
    Replied
    Yes, I have one. As described above a local bank(!) has all my firsts, and was willing to put a second on all of them to extend a line of credit. After a year I asked to bump it up to 80% LTV and they did it without hesitation.
    Current rate is 9.75%, interest only.
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