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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingHas anyone been able to get a HELOC on a rental property?
Luke M.'s profile image
Luke M.'s profile image
Luke M.
Pro Member
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Apr 13, 2011
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Luke M.'s profile image
Luke M.'s profile image
Luke M.
Pro Member
  • Rental Property Investor
  • from Brooklyn, NY
  • Member since Apr 13, 2011
Connect
Luke M.
Pro Member
  • Rental Property Investor
  • Brooklyn, NY
17
Votes |
76
Posts
Creative Real Estate Financing

Has anyone been able to get a HELOC on a rental property?

Luke M.
Pro Member
  • Rental Property Investor
  • Brooklyn, NY
Posted Jan 18 2014, 09:47

I keep getting turned down, but I've been told some local banks will sometimes entertain it.

It's located in San Diego, California, and I live in Brooklyn. It's rented well and has about 60% in equity. Any tips or suggestions?

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