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Updated over 5 years ago on . Most recent reply

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36
Posts
19
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John Hamilton
  • Rental Property Investor
  • Raleigh, NC
19
Votes |
36
Posts

Having trouble finding a lender for a HELOC on a rental property

John Hamilton
  • Rental Property Investor
  • Raleigh, NC
Posted

Does anyone have insight on getting a HELOC on a rental property in Florida? I have made countless calls and no-one seems to do them on a rental property. Is this achievable?

Most Popular Reply

User Stats

36
Posts
19
Votes
Hamid Sedaghat
  • Lender
  • Raleigh, NC
19
Votes |
36
Posts
Hamid Sedaghat
  • Lender
  • Raleigh, NC
Replied

@John Hamilton It’s tough to find a private lender that will offer HELOCs on rentals from my experience, and GSIBs will not. As a private lender I know refinances and cash out refinances are available to get money out of a property, but I’d be interested to learn of lenders offering these HELOCs.

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