- Rental Property Investor
- Charlotte NC Fort Mill SC Lake Wylie SC, SC
- 103
- Votes |
- 174
- Posts
Need 1st position HELOCs for rental properties
Which lenders today are offering the best terms/conditions for non-owner-occupied equity lines/HELOCs?
I'm a strong borrower, and I don't need to cash-out--just want to push my cash back in play.
Is there a 4-property leveraging limit with LLCs, as there is with borrowing in your personal name?
I'll be acquiring numerous SFH rental properties over the next few months. I'm buying them with my own money, but I'd like to set up equity lines for these properties once they're rehabbed and rented so that I can put my cash back to work for me.
I've done this in the past, and it's worked very well for me. I know many investors do this today. I have some equity lines in my personal name, and some in my LLC. As I make offers on more properties, I want to set things up right so it's easy to roll out the financing.
Thank you for your help.