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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceHELOC on free and clear New Jersey Property.
Anthony Perez's profile image
Anthony Perez's profile image
Anthony Perez
  • Flipper
  • from East Elmhurst, New York
  • Member since Feb 9, 2015
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Anthony Perez's profile image
Anthony Perez's profile image
Anthony Perez
  • Flipper
  • from East Elmhurst, New York
  • Member since Feb 9, 2015
Connect
Anthony Perez
  • Flipper
  • East Elmhurst, NY
28
Votes |
47
Posts
Private Lending & Conventional Mortgage Advice

HELOC on free and clear New Jersey Property.

Anthony Perez
  • Flipper
  • East Elmhurst, NY
Posted Jul 27 2017, 08:48

Hello BP,

I have a two unit rental in Elizabeth, NJ that's free and clear. Anyone have any good small bank recommendations? I'm using the proceeds to buy more multifamily so figured the HELOC is the best option. It's only for a small sum of $25,000 and the property appraises for $176,000. Thanks for the help!

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