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Updated over 7 years ago on . Most recent reply

Sky Lin's profile image
Sky Lin's profile image
Sky Lin
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since May 28, 2015

User Stats

29
Posts
1
Votes
Sky Lin's profile image
Sky Lin's profile image
Sky Lin
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since May 28, 2015
Sky Lin
  • Rental Property Investor
  • Phoenix, AZ
1
Votes |
29
Posts
Private Lending & Conventional Mortgage Advice

HELOC on investment property

Sky Lin
  • Rental Property Investor
  • Phoenix, AZ
Posted

I have a property is free and clear and I want to get HELOC out to buy one more property to do short term rental to avoid closing cost with refinance. I have been visited few big bank and Credit Union locally in Phoenix AZ area, and they don't do it. my question is does anyone know any bank does HELOC on investment property? Second question is what should I say to them when I apply for it? Should I tell them this is for my next short term rental investment, or what should I say to them?

I never done this before, so any advise will be appreciate. Thanks

  • Sky Lin
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