Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 4 months ago on . Most recent reply

User Stats

243
Posts
59
Votes
David Rutledge
  • Irvine, CA
59
Votes |
243
Posts

HELOC for investment property

David Rutledge
  • Irvine, CA
Posted

Hi everyone,

I am looking to tap into some equity that we have in an investment property we own in California.


It used to be our primary but is now a rental. We have a 3% rate so dont want to refi but the property has appreciated quite a bit so would like to tap into that equity to fund our next deal.

I am having some trouble finding lenders that offer helocs on investment properties.

Does anyone know of any banks and/or lenders that do helocs on investments?

Thanks

David

Most Popular Reply

User Stats

770
Posts
594
Votes
Patrick Roberts
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Charleston, SC
594
Votes |
770
Posts
Patrick Roberts
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Charleston, SC
Replied

Angel oak and A&D mortgage are two of the bigger lenders that I know of who will do 2nd's on investment properties as of a few months ago. Lots of restrictions and tight underwriting on these. Expect them to be expensive, also. 

  • Patrick Roberts
business profile image
Patrick Roberts - MLO - Assurance Financial
5.0 stars
7 Reviews

Loading replies...