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Updated over 12 years ago on . Most recent reply

User Stats

68
Posts
23
Votes
Huggy Baird
  • Lakewood, OH
23
Votes |
68
Posts

HELOC for 5 to 10 investment properties

Huggy Baird
  • Lakewood, OH
Posted

I currently own 4 rental properties with conventional mortgages.
I also do a lot of rehab/flips with 100% cash. Since I'm holding the properties for 5 months, I'm looking to avoid points and closing costs associated with a conventional mortgage. All the banks I talk to will not offer a HELOC on an investment above 4 properties.

Does anyone know a bank offering HELOCs on investment properties 5 through 10?

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