All Forum Posts by: Benjamin Dilg

@Kerry Baird Thanks so much for taking the time to respond! I really appreciate this list!

I'll have to start calling tomorrow to get some details. 

I am curious though, what are you referring to when you mention a 'noo Heloc'? 

Thanks!

-Ben

Hey BiggerPockets family,

I have a rental property in CT and am looking for a lender to take a HeLoc out on the property. I've called over 40 lenders in the area and still cant seem to find one which will even consider a HeLoc on a rental. They all state that they only give HeLocs on a primary residence. 

Does anyone have experience getting a HeLoc on a rental in CT? Or has anyone figured out a way to demonstrate your rental as your primary residence through some sort of loophole?(I'd imagine this to be risky and time consuming)

FYI: I am out of state but do have properties I can potentially list as a primary residence in CT other than my rental. 

Any information helps and I appreciate your time and consideration!

Cheers!

-Ben

Hi all,

My name is Ben.

I got a strong interest in real estate over a year ago.  I just turned 25 and have been married for over 4 years now.  After firmly deciding I was going to start investing in real estate I talked to 4 of my close friends and brought them on board with my vision. We are all beginning our journey together in the real estate world and are trying to learn as much as possible before we buy our first property in Connecticut. Most of us have graduated or about to graduate college.  We are interested in all aspects of real estate, but want to start small with a rental.  I am looking forward to being a part of Bigger Pockets community.