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Updated almost 9 years ago on . Most recent reply

Demetrius Davis's profile image
Demetrius Davis's profile image
Demetrius Davis
  • Rental Property Investor
  • from Chicago, Illinois
  • Member since Jan 27, 2016
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User Stats

98
Posts
52
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Demetrius Davis's profile image
Demetrius Davis's profile image
Demetrius Davis
  • Rental Property Investor
  • from Chicago, Illinois
  • Member since Jan 27, 2016
Connect
Demetrius Davis
  • Rental Property Investor
  • Chicago, IL
52
Votes |
98
Posts
Private Lending & Conventional Mortgage Advice

HELOC or Cash Out Resource for Chicago Condo Rental

Demetrius Davis
  • Rental Property Investor
  • Chicago, IL
Posted

I recently paid cash for a foreclosed 2/1 condo in Bronzeville.  Cost was $38k.  The property is currently undergoing a $7k renovation project, which should wrap up by the end of the month.  Will rent for $1100/mo per the comps in the building.  Can anyone recommend a lender in Chicago who can help me access the equity in this property? Hoping to use the funds for my next deal.

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