A Home Equity Line of Credit (HELOC) allows property owners to borrow against the equity built up in their rental properties. Unlike traditional loans, a heloc on rental property a revolving credit line, giving investors flexibility to use funds as needed for renovations, debt consolidation, or other investments. Most lenders allow borrowing up to 70% to 80% of the rental property’s appraised value, minus any existing mortgage balance. For more info click here #heloconrentalproperty https://ledgre.ai/how-to-get-a-heloc-on-a-rental-property
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