Sunday, February 27, 2011

Your questions about investment property

Ken asks…is it possible to get a HELOC on an investment property that you only own 35% of the equity?I have 35 percent equity in on on property and i have invested 50,000. I want to get some type of home equity line of credit on that particular investment property so i can reuse to funds if some other deal were to come up.. Does anyone know if it is possible and if it is what banks do this? Any advice would be greatly appreciated.admin answers:As long as you own under 10 properties it should be easy.
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