WHAT! I DONT WANT TO DO ANYTHING ILLEGAL...
okay here's the story. I have everything in line finance rehab, people in the construction, I have somebody to project manga the rehab, I have somebody in wholesaling and I had a pretty good hard money guy lined up to help me with everything that I don't know because I don't know a lot. lol
what I'm trying to get is the down payment to pay the heart money guy.
so I went to a credit union to try to get a HELOC turns out the lady at the credit union tells me that they can't give me a loan because this is considered a business.
That if they do give me a HELOC for this transaction, then that would be consitered illigal
another road block on my way to success ( nobody told me they would be so many of these when I started. Lol.
If anyone can give me any advice I would be very appreciative.
thank you in advance