Can owning investment property help in getting HELOC?

[mathilda555]

Hello all!

I am a 50% owner of an investment property. My partner and I don't take any money out of it, we keep it all in the business. (Property appraised at 800k owe about $350 on it)

I am interested in getting a HELOC on my home. Will my 50% ownership in this property help my position to get the HELOC? I have some debt that I think will hurt my chances on getting the HELOC and am looking for anything that will help!

Thanks.
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memphis investment property

 

[bullseye]

ya, you would be able to..
Anything you own, even a car would help you out.