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Updated almost 7 years ago on . Most recent reply

Ayen Lee's profile image
Ayen Lee's profile image
Ayen Lee
  • from Los Angeles, CA
  • Member since Oct 16, 2018

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Ayen Lee's profile image
Ayen Lee's profile image
Ayen Lee
  • from Los Angeles, CA
  • Member since Oct 16, 2018
Ayen Lee
  • Los Angeles, CA
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General Landlording & Rental Properties

HELOC on one of my rental properties in Las Vegas,NV

Ayen Lee
  • Los Angeles, CA
Posted

I would like to get a HELOC on one of my rental properties in Las Vegas, NV. is it doable? adn what are the tips that you can share. I still owe $125K and the value is at $195K. thanks!

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Nathan Gesner's profile image
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Nathan Gesner
  • #2 All Forums Contributor
  • Real Estate Broker
  • from Cody, WY
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Nathan Gesner's profile image
Nathan Gesner's profile image
Nathan Gesner
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Nathan Gesner
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  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

The HELOC is for your personal residence but banks can do a line of credit against investment property. I am currently applying for a HELOC on my home that will be good for 10 years. The same bank offered a line of credit against one of my investment properties but it would only be good for 3 years and I believe the rates were higher.

  • Nathan Gesner
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