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Updated almost 6 years ago on . Most recent reply

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NIcholas Hamel
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Are HELOCs only for primary residences???

NIcholas Hamel
Posted

Hey everyone I was looking to get a HELOC on an investment property i have. My lender said HELOCs are strictly for primary residences and not for investment properties. Is this standard for all lenders or have any of you gotten a HELOC on your rental properties? Thanks

Nick

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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
2,022
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Brian Garrett
  • Real Estate Investor
  • Palm Beach County, FL
Replied

There are banks/credit unions/lenders out there who offer HELOC's on investment properties. Keep calling!

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