Looking for a local credit union to obtain a heloc on a paid off home

[Chris Vargas]

Hi BP community, 

So my family and I have our home paid off and looking for a credit union in Las Vegas to take out a Heloc to leverage that equity into buying a rental. We are looking to BRRR even if we leave money on the new deal. We have enough for reserves for the rehab we are just looking to get enough to put as a down payment. We do plan on living in the new home while we rehab ourselves and leave our current home rented. Any suggestions more than welcome to hear your guys opinions! Thanks and let's keep each other motivated!

[Jacoby Atako]

Nevada State Bank will still do HELOC's on rentals as long as they are in first position.