HELOC For portfolio

[Jemma Jacques]

Hi,

I am trying to finance my first multifamily.

I have 15 cash flowing properties with $900k of equity,

since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment.

any advice or ideas please?

Thanks,

Jemma

[Erik Estrada]

Quote from @Jemma Jacques:

Hi,

I am trying to finance my first multifamily.

I have 15 cash flowing properties with $900k of equity,

since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment.

any advice or ideas please?

Thanks,

Jemma

There are HELOC programs for investment properties however it is not a true "no doc" program. The lender still needs to verify income through plaid and will determine the max HELOC balance allowed based on your banking activity