No Seasoning HELOC

[Shawn Dandridge]

I am in Memphis, I posted previously about a property that has been unoccupied for atleast the last 5-6 years. I am thinking about making an offer of $500 on the property. It appraised for 25K this year. I am looking for a HELOC with no seasoning to take out against the property. Is there any lender out there that will do this?

[Mike V.]

I think you will have a hard time getting a HELOC on any investment property regardless of seasoning.
Refinancing is an option but the shortest seasoning that I have gotten away with was 6 months.