I am thinking of getting a home equity line of credit for my condo since it has a lot of equity and rates are low. If you look around, there are a lot of pretty good options and getting an equity line could be a great way to get a property that requires a quick cash purchase. Then I thought, do equity lines exist for investment properties? So, I googled it and found Wells Fargo has a program that will loan up to 70%/500K of the value of your investment property if it is the second lien. I called them today with some basic questions and they said the property has to be 75% occupied. The cap of 70%/$500k does exist though for ours, it would be 60% of equity. There will be both a sales and income based appraisal(that is paid by them). You should have around a 700 credit score and no blemishes. Rate is the Wells Fargo Prime Rate plus, in some cases, a spread. Takes only 45-60 days. So, I will move forward once the restaurant is occupying the ground floor and made improvements. But, this is a great way to literally buy another property without coming up with any new cash out of your pocket.