Financing Options for Detroit Investors

[Richard Corley]

Hello,

Long time member, first time poster. I am an out of state investor that currently owns four (4) properties within the Detroit city limits. I bought the properties during last year's Wayne County Foreclosure auction without any debt/loan.

Two of the properties have been fixed up with my personal funds and are now both leased. The other two I would like to get fixed up but I am currently low on funds. Are there any local banks that are willing to provide home equity lines/loans for investment/non owner occupied properties? I would like to use the two properties that have been rented as collateral for the loan.

Thank you and I appreciate any and all advice.