Leveraging HELOCs for multiple rental properties

[David Zimmer]

This is a pretty newbie question so forgive me if I failed to find the answer already. I am closing on my first HELOC and starting the search process for an investment property. I'm thinking for the future when I want to purchase a 2nd and 3rd investment property. Can you take out another HELOC on that investment property in order to purchase another? Aside from finding private investors, how can you keep rolling into more properties without having the cash on hand?

[Erik Estrada]

Quote from @David Zimmer:

This is a pretty newbie question so forgive me if I failed to find the answer already. I am closing on my first HELOC and starting the search process for an investment property. I'm thinking for the future when I want to purchase a 2nd and 3rd investment property. Can you take out another HELOC on that investment property in order to purchase another? Aside from finding private investors, how can you keep rolling into more properties without having the cash on hand?

A lot of investors have been asking this very same question. Unfortunately I have not seen any lender offer a HELOC for an investment property. Even getting cash out is tighter than ever, with most offering only up to 75% LTV.