HELOAN over 4 properties?I "flip" properties.I own 9 properties. Only 4 of them have any mortgage/liens that i use as rental properties. The other 5 homes are owned outright and I fix them up for resale.In need of capital, I tried taking out a HELOAN but was just turned down due to it being the 5th property with a lien. The closing costs on a mortgage are too high considering I'll only be holding the property for 6 months. Hence, I'd prefer a HELOAN/HELOC and am comfortable paying any prepayment penalty up to $1,000.I have high FICO, high net worth, high income, low DTI, and am comfortable with even a 60% LTV. But, it seems noone will finance me because 4 property limit. Does anyone know a lender with an appetite for this?December 04 2012 - Lakewood00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.