Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

115
Posts
49
Votes
Mariel DeVito
49
Votes |
115
Posts

Help Wanted - Creative thinking caps to make this happen

Mariel DeVito
Posted

I have been waiting on a HELOC application to finance my first multi family purchase. I was buying time as the back up offer and tonight, I got the message saying that it fell out and I'm in. My HELOC application, now 7 weeks in the making, is still not approved. I was told it was 30 days and then now 30-45 days to close. I want to be optimistic that it would come through in the next week but I need a plan B. I have two other investment properties that have at least 80K in equity, which is more than what I need. Problem is neither is in an LLC and one was just a 1031 exchange. I need to close in 30 days. What are my options? Plan C is to liquidate some assets but it's cutting it really close...

Loading replies...