Much needed advice about helocs

[Caleb Ragan]

So this is my first time posting, so forgive me if I miss certain criteria you would necessary for advice. Recently my grandfather retired from his rental business and gave me a few houses. They were properties he’d bought with the intent of fixing up and flipping.

So I have five properties now, two sf are now rented after some work, one is just a piece of land. Out of the two that aren’t rentable. one is a triplex that caught fire and the other was a sf that needs a complete gut and remodel. I started remodeling the triplex because i thought it would be the best return on investment. I got it to the point where all the codes inspections are done and I just have to do some finishing work. paints, floors, appliances and a couple other odds and ends.

Where would be the best place to look to for a heloc. I’m about 15k away from having it finished. With no current job on the books because I worked for my grandfather, my only income is the two rentals. I’m making 1700 bucks a month. But if I got the money and 2 months I could add $2500 to my income.

I know helocs are for primary residences, but all my houses are currently in an llc. I talked to one bank and they said they couldn’t help me because their guidelines were strict. She gave me other banks to go to and try but I was hoping to get more advise.

Any advise? Any Information would be greatly appreciated.