HELOC on Duplex to invest

2 Replies

Hi what banks/credit unions will give a HELOC on a duplex to buy more investments properties? NOT owner occupied. We have tenants in the duplex. We LIVE in Florida but invest in Georgia & Florida. The Duplex we'd like the HELOC on is located in Florida. Thanks!

pentagon federal, va, and the one in melbourne, fl, popular... cant remember the name..i hear helocs are tight right now 

Try regions bank I think they will do helocs at 75-80% ARV after a year of owning the property. If it's within the first year of purchase they will only do 75-80 LTV or purchase price.

However, like Matt mentioned HELOCs are tight right now.