Looking for a rental HELOC

[Jim Miller]

Are there any banks offering a HELOC on rental units? We have a single-family long-term rental in Port Charlotte that we'd like to keep the current mortgage rate, but we do have some equity we'd like to have access to.

[Wyatt Wolff]

They're definitely expensive... you just have to look and assess what you are using it for, and if you can get returns that will make the rate worth it. 

In general,I think C/O is the way to go though.