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Updated almost 4 years ago on . Most recent reply

User Stats

99
Posts
11
Votes
Erick Caffarello
  • Investor
  • Phoenix, AZ
11
Votes |
99
Posts

Looking for line of credit on rental property

Erick Caffarello
  • Investor
  • Phoenix, AZ
Posted

Guys, I'm trying to obtain a line of credit, like a HELOC on a rental property I own for renovations. The banks I've talked to so far only do a line of credit on a primary residence, or a cash out refi. The property is just about paid off and I'd rather not have a larger mortgage on it if I can avoid it. Any options?

Thanks!

Most Popular Reply

User Stats

1,829
Posts
1,242
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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
1,242
Votes |
1,829
Posts
Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Replied

@Erick Caffarello check with Pen Fed

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