Can I get a Home Equity Loan to purchase a rental property?

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So, which approach we could make use of the little income to rehab around the skill rsther than than removing the debt loan. The let properties have been customarily ranged K to K.

Thanks!

Related solution post:

  1. where can i get 10g to put down for a rehab loan, and can i use an home equity loan for rest of repairs?
  2. How can I borrow money to fix up a rental property that is paid for through my home equity loan?
  3. Is home equity loan on a rental property tax deductible?
  4. How long after you purchase a home can you get a home equity loan? First time home buyer..im all confused.. ?
  5. Credit is good I have an investment property that is paid in full should I refinance or get home equity loan.?

Comments (2)

done all the time
I am a mortgage banker in TN & KY

. You can do this if you have $30,000 in equity. Dont make your offer until the money is in your bank account. Many 2nd loans have been cancelled with no notice. The banks are tightening up.

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