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9
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3
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Patrick BlackRock
  • Investor
  • San Antonio Tx
3
Votes |
9
Posts

HELOC on income producing property

Patrick BlackRock
  • Investor
  • San Antonio Tx
Posted

I trust this email finds you all well. I am a property owner in San Antonio, TX, with an income-producing Airbnb that has demonstrated exceptional performance for over a year. I am interested in exploring the possibility of a HELOC against this property to facilitate the purchase of a warrantable condo in Gulf Shores, AL.

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2,749
Posts
6,191
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Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
6,191
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2,749
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Scott Trench
#3 Personal Finance Contributor
  • Rental Property Investor
  • Denver, CO
Replied

If you find a HELOC / 2nd position mortgage provider with rates lower than 10% up to a reasonable LTV on an investment property, let me know and we will explore potentially making the lender very notable.

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