I have four rental properties. We were wondering if getting a equity line of credit on rental property is possible and what are some good places to look into and rates.
Are you talking about a HELOC on a rental property? If so then absolutely. I have one on one of my properties. I had to go through a local bank which ended up being a blessing in disguise as the local bank is awesome to work with. Best of luck.
Are you talking about a HELOC on a rental property? If so then absolutely. I have one on one of my properties. I had to go through a local bank which ended up being a blessing in disguise as the local bank is awesome to work with. Best of luck.
@Derrick E. I will love to hear more about your local bank that gave you the heloc on the rental property. Any inside information that made them give you the loan??
@Derrick E. I will love to hear more about your local bank that gave you the heloc on the rental property. Any inside information that made them give you the loan??
They just wanted my DSCR below 1.25%. Very easy to work with. It was a relatively simple process.