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Updated over 1 year ago,
Need PM HELOC
Hi everyone! I'm looking for capital. I've got tons of equity in my portfolio and personal residence. Cash reserves. 805 FICO. Been approved for 2 DCSR loans up to $630k/each. The problem is my market is so low in inventory that I'm competing against all cash. Even when I'm not contingent and am willing to accept properties "as-is" and close in under 30 days.
I would like a HELOC for $400+k in second position on my own SFH. The property is in a great market. There is a housing cap for single family homes so once you own one, limited supply + steady demand=stable and increasing prices even in a "national downturn". I'm looking to purchase in the town just outside where I live. I'm in CO. I've got 22 years of successful investing and sales experience in real estate and property management. I started from nothing. Who wants to or knows someone who can do a private money HELOC for me?