I have a few rental single family homes in the DFW area and am looking to get HELOC on a couple of them to look at portfolio expansion. I had to recently move to Chicago 6 months back and have purchased my new primary home in IL.
Can i get HELOC on my rentals in TX while having a primary home in IL?
I recently refinanced my Texas rentals into a DSCR product and am really happy with how it went. Rates have come down a bit off the top. PM me for the broker.
I recommend checking out Lender Finder, a free and easy way to quickly find and compare investor-friendly lenders who specialize in your unique investment strategy. With Lender Finder you can:
Find investor-friendly lenders on your terms
Do more deals with a quick search solution
Tap into a trusted network with ratings and reviews
Hey! I am not sure why you wouldnt be able to take out a HELOC, but I used PENFED for my HELOC in Arlington, TX. Let me know if I can help in any other way!