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Updated about 7 years ago on . Most recent reply

Dennis Nikolaev's profile image
Dennis Nikolaev's profile image
Dennis Nikolaev
  • Member since Apr 26, 2019

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Dennis Nikolaev's profile image
Dennis Nikolaev's profile image
Dennis Nikolaev
  • Member since Apr 26, 2019
Dennis Nikolaev
32
Votes |
84
Posts
Creative Real Estate Financing

Heloc reserves requirement.

Dennis Nikolaev
Posted

I am considering to take a HELOC out of my free and clear rental.

I do have 6 units.

The first agent I spoke to said that I got to have 6 month reserves on ALL of my properties. That is like 40k just chilling in checking account!!!

I wander if this requirement is universal for HELOC?

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