Updated almost 6 years ago on . Most recent reply
Take equity out rental to buy another
Hello everyone and happy new year.
My question is I own a rental house in Anchorage, Alaska, but I just moved to Virginia Beach, Virginia, where I purchased another rental. Now I want to take the equity out the Anchorage house and buy another house here in Va Beach. From my understanding the heloc can’t be done because that’s only for primary residence. Does anyone know a bank that will give me a line of credit so I can put a deposit on another house?
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@Jamaar Brown Penfed if you have less than 4 properties.