How to get renovations finances for Rental Property

[Cathy Bui]

Hi all,

I have a triplex rental property which I do not live in. I wish to do renovations on it. The lenders I've spoken to do not offer HELOC or home equity loans for triplex rental properties. I've only found cash out refinances but I currently have a good rate on my mortgage and don't wish to leave that. Can anyone offer ideas on how I could gain funds for renovations without putting too much of cash into it? Thank you all!

[Steve Vaughan]

Quote from @Cathy Bui:

Hi all,

I have a triplex rental property which I do not live in. I wish to do renovations on it. The lenders I've spoken to do not offer HELOC or home equity loans for triplex rental properties. I've only found cash out refinances but I currently have a good rate on my mortgage and don't wish to leave that. Can anyone offer ideas on how I could gain funds for renovations without putting too much of cash into it? Thank you all!

In the past I've done as much work as I can myself and purchased materials on credit either through the stores or on credit cards.   
How extensive are you planning to go?  More than paint and flooring?    I've refinished tons of wood floors,  cabinets and countertops for inexpensive upgrades as well.