Finding a HELOC for a Rental Property

[Jeff Stansberry]

Hi everyone,

Does anyone know of local banks / credit unions that give out HELOCs on rental properties (NOO)?

I have a cash property that I'd like to remodel and refinance once the tenant moves out (1 year left on lease) and it doesn't make sense for cash flow purposes to do a cash our refinance right now when I'd like to refinance after I remodel.

Any suggestions on lenders? I have called many large and small banks...

Thanks