Seasoning Requirement for HELO?

Financing, Hard Money Lenders, Private Money
1

Is there any required seasoning in order to pull out equity via HELO?

For example, if I use hard money to purchase and rehab, take a first on it afterwards, then want to pull the equity out later, do I need to wait for a period of time before anyone will do a 2nd on the property?

Thanks for all responses!

2

make sure you document the improvements done in case that is requested to use the new value.

But generally no, HELOC’s don’t require seasoning.

3

Local banks usually don’t have seasoning requirements and will do a no closing cost HELOC- they are very good with this kind of product.