Home equity line of credit on investment property in Texas

[Arun Chandra]

All,

I’ve called several banks in Texas already but they have all seem to not give home equity lines of credit on a investment property. Only on owner occupied places. 

Should I keep calling around or is that something that is not allowed by rules and regulations?

Background: I have a SFR that I purchased in 2014 as a investment property. This was not owner occupied or a second/vacation home. Looking to get a line of credit to purchase more real estate.

Any help is highly appreciated!