How to Get a HELOC On a Rental Property

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Are you looking to purchase a rental property using a HELOC or perhaps refinance your existing rental property into a HELOC? In this video, we're going to go over some tips and tricks as to how you can increase the likelihood of you getting approved for a HELOC as well as a checklist of documents to have ready before you approach a lender.

Getting a HELOC on a rental property is certainly POSSIBLE. There are rumors and talks in the "streets" that getting a HELOC on a rental property is impossible. That's simply not true. You can certainly get a HELOC on a rental property. While the qualification process appear different, what you need is some preparation before going in.

Keep in mind, the banks are wanting to see couple of key things from you as the borrower.

1. Strong Asset Position with liquidity
2. Experience in Real Estate Investing
3. Preparation of Documents

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The Kwak Brothers are millennial real estate investors who have acquired over 76 Units of Rental Units and have raised over $10,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals.


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--DISCLAIMER-- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.