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Updated over 15 years ago,
Need HELOC, H/E loan , Any suggestion?
I have two properties (SFH) that I bought and rehabbed using my own money. (Both are rented to section 8). I put out an offer for the third one also to be bought without financing. All the properties ARV is about $45K -60K. Properties are located in Birmingham, AL
I don't think I'll have enough to rehab the third one. I checked with several local banks.They do have HELOC and H/E loans but not for investment properties. Are there any loans out there that I can use (Business loan maybe?)
I probably need $10-15K
Thanks,