Looking for Line of Credit on Investment Property in Milwaukee

[Brian Leinbach]

I have been in the Milwaukee REO market for two years now. I was using traditional, Cash and Portfolio loans to grow my real estate portfolio. To save money I used cash, rather than hard money, to fix up the properties and have been doing a refi to get my money back when the construction was complete.

What I learned after my first year is that it significantly slows down my growth, because I am using my cash to finance the turns. I am an out of state investor, so I have had little luck getting into local credit unions. 

Questions.

1.) Does anyone know of a bank in Milwaukee that would provide me a credit line?

2.) I have one property that I have bought and rehabbed all in cash. It should get around $100k in value. Should I get a traditional mortgage on this or HELOC? Wouldn't the HELOC be much better terms?

Appreciate any feedback.