All Forum Posts by: Brian Braunhuber

Hi everyone, I have lead on a house that the owner just died and wanted to track down the heirs. The house is in Portland, OR but I live in Austin, TX how can I get a hold of the person responsible for the house? 

Thanks in advance for all your help. 

Hi everyone, I have been trying to find ways to lower the CapEx on my rental. Is the Home Warranty a good idea for a rental? I have heard that the home warranty company do not pay out enough money to repair the issues when they arise. Has anyone had expericance with using one of these products and had to deal with a claim?

Thank you in advance for any help. 

Hi all, update on my search for a home Equity Line of Credit on my rental that is in Vancouver, Washington.

Well Fargo will do it but only up to 65% LTV, which is not going to work for me.

Thanks @Justin Peila - I am looking to get around $35000 line which will put me at 75%. Thanks for your input. 

OK All, I gave most of the banks on the list a call and here is what I found out. 

Wells Fargo (National) - Still waiting on a Responds 

Umpqua Bank (Vancouver, Washington) - No Heloc on Rentals

First Tech (Beaverton, Oregon) - Yes Heloc on Rentals

Contact: Scott Shewbridge 

LTV: 75%

Rate: 5.75%

Moody Bank (Austin, Texas) No Heloc on Rental but will do Home Equity Loan. Also referred me to BBVA Compass.

BBVA Compass (Austin, Texas) - No Heloc but will do a unsecured line of credit. I was told by the person at Compass that HELOC's on investment property was not allowed in Texas.

Contact: Jeremy Oliver 

Rate: 7.5%

Fees: None

Max. Amount: $150,000 

Hope this helps

Thanks everyone for your responses. I will look at all the banks/CU's and post the  results of my find here for everyone to read. 

Thanks Lee - which Credit Union did you use? 

Hi Lusi - I tried lending tree all of the lenders that called me from there could not do a HELOC on a rental.

Thanks Stephen I will look into them as well. 

Thanks Dustin - I used to bank with them when I lived in Vancouver, WA and will look into them. I just applied for a HELOC on my rental with Wells Fargo, which is who I bank with now, and hope to get a few quotes to compare.