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General Landlording & Rental Properties
HomeForumsGeneral Landlording & Rental PropertiesHELOC on investment property? Can it be done?
Ronald Mejia's profile image
Ronald Mejia's profile image
Ronald Mejia
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Jun 4, 2019
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Ronald Mejia's profile image
Ronald Mejia's profile image
Ronald Mejia
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Jun 4, 2019
Connect
Ronald Mejia
  • Real Estate Agent
  • Los Angeles, CA
10
Votes |
37
Posts
General Landlording & Rental Properties

HELOC on investment property? Can it be done?

Ronald Mejia
  • Real Estate Agent
  • Los Angeles, CA
Posted Sep 24 2020, 11:51

I am looking around for a lender that will do a HELOC on my investment property but coming up short. The banks i've called so far either does not offer the product of can't do it on investment property. Does anyone have any suggestions? My SFH is currently rented and free of mortgage cash flowing 3k/month before taxes. Im looking to get a HELOC to do some repairs to the home and use portion for down payment on new property. PLEASE HELP BP!

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