HELOCs on Investment Properties

Atlanta, Georgia
Creative Real Estate Financing
2yFollow

HELOCs on Investment Properties

Daniel Lidwin
Member since 2019 · 3 posts · 1 vote

Has anyone found lenders (preferably credit unions or small local banks) that do HELOCs on investment properties, or are okay with a tax return that shows income generated occasionally on a 2nd home? PNC Bank denied me for a HELOC on my 2nd home because my tax return shows I also make income on it. Appreciate any up to date insight. I currently only found one credit union (MembersFirst) that will do a HELOC on an investment property. Currently chasing that down but looking for other options.

0Reply
105 views

Most Popular Reply

Nicholas L.Pro Member
Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
2y

@Daniel Lidwin

yes - try The One Brokerage

not affiliated with them in any way nor posting on their behalf

just a current customer 

2Reply
See this reply in the discussion

7 Replies

Jump to latestLatest
  • Nicholas L.Pro Member
    Flipper/Rehabber · Pittsburgh · Member since 2018 · 6k+ posts · 5k+ votes
    2y

    @Daniel Lidwin

    yes - try The One Brokerage

    not affiliated with them in any way nor posting on their behalf

    just a current customer 

    2Reply
  • John Mason
    Member since 2024 · 1k+ posts · 351 votes
    2y

    https://the1brokerage.com/products/

    0Reply
  • John Mason
    Member since 2024 · 1k+ posts · 351 votes
    2y

    https://www.biggerpockets.com/forums/48/topics/1166000-heloc...

    0Reply
  • Jaime Duron
    Realtor · Austin, TX · Member since 2019 · 69 posts · 28 votes
    2y

    Hey Daniel Lidwin! I would look into figure.com, that one was recommended to us in our group. I haven't used them, but its been recommended. Hope it helps!

    0Reply
  • Zach BossonBusiness Member
    Lender · Member since 2023 · 42 posts · 15 votes
    2y

    Hey Daniel Lidwin!
    A place like Figure will likely deny you, from my understanding they're focused on the cleanest cut scenarios. Credit Unions can be great but you're at the mercy of their individual guidlelines and old school Underwriting "gut checks".

    We(Lower.com), offer HELOCs on investment properties and 2nd homes, we go off of the "Agency Definition" of a 2nd home which is "occupied for some portion of the year". Otherwise, we lend on investment properties, so if we couldn't fit it into the 2nd home qualification we'd have solutions.

    Feel free to connect! Good luck on your search!

    [email protected]888-885-7789
    First Access Lending4.975 Reviews
    WebsiteView Page
    0Reply
  • Dmitriy Koval
    Member since 2022 · 12 posts · 2 votes
    2y

    Have you had any luck l? I'm in the same boat looking for 80 LTV with interest only draw period.

    0Reply
  • Daniel Lidwin
    OP
    Member since 2019 · 3 posts · 1 vote
    2y

    I closed with the One Brokerage. And I can’t even begin to describe how incompetent and aloof they were. Would not recommend. 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free