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201
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Victor N.
  • Investor
  • Meriden, CT
145
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201
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Looking for a Bank for my BRRR Strategy

Victor N.
  • Investor
  • Meriden, CT
Posted

Does anyone has a recommendation for a bank or credit union which will do a Heloc or any other type of cash out for a non owner occupied property?

Im looking for a Heloc on a duplex that I own free and clear.

TD Bank does them but you cannot own more than 4 properties ( regardless of whether there is a mortgage or not. They dont look at the number of mortgages you have they are more concerned about the total number of properties). So if you own 5 free and clear properties then you are disqualified for their Heloc.

Your recommendations will be appreciated!

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116
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56
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Dan Leyden
  • Realtor
  • Stamford, CT
56
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116
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Dan Leyden
  • Realtor
  • Stamford, CT
Replied

I would be interested in hearing other peoples input as well. I haven't had much luck finding decent financing options.

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