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All Forum Posts by: John Fano

John Fano has started 1 posts and replied 2 times.

Post: Investment property HELOC

John Fano
Posted
  • Posts 2
  • Votes 1

Hi @Brittany Minocchi,

Thank you so much for your response! Nobody has even mentioned a HELOAN in all the calls I have been making. That would definitely be a great option since I’m not really interested in the revolving credit anyway. My credit is fine so that wouldn’t be a problem. Is there a good time during the week that we can talk so I can run my whole scenario by you?

Post: Investment property HELOC

John Fano
Posted
  • Posts 2
  • Votes 1

I've been a member of BP for a couple years, but this is my first post. I'm having a financing issue that I'm trying to find a solution to and keep hitting dead ends. I have a 3 family house in Atlantic City, NJ and I'm trying to access some equity. For a few different reasons, a HELOC would work best right now but not many lenders are doing HELOCS on investment properties. I also need a 75-80 LTV (not 70) to be able to access the amount of cash I need. I was wondering if anybody had any suggestions?