DOING A HELOC ON RENTAL PROPERTY

5 Replies

I am not sure it is called a heloc if you do not live there as a primary residence. Any time I have tried, a conventional bank would not lend on non primary resident rental investment property., But I have only tried a few times.

if its owned free and clear you can typically get a HELOC as long as title has been in your name for more than 6 months. Even if its non primary you can still typically go 65-75% LTV>


Just went through this with Huntington bank successfully. Only issue I ran into was the value was much higher than when I purchased and with it being less than 12 months they had to take the original value.