All Forum Posts by: Jordan Foster

I'm not concerned with the current LTV, the proposed CLTV, any market adjustments, the property's current value, etc. I'm just looking for a recommendation on a product from a bank or CU that will work with a primary residence 4-plex

I owner-occupy a 4-plex that I bought about 6 months ago, and I'd like to utilize some that equity, but I'm having difficulty finding any loan programs for my situation (I'm aware that this would be a unicorn product). 

Does anyone know of a HELOC (not a HEloan, I need a revolving account) that I could look into? Located in Utah. TIA

I am working strenuously to acquire my first deal. However, my market (SLC, UT) is very competitive. Wholesalers are asking way too much for a flip to be profitable. I've been considering taking up door knocking on pre-forclosures, but I'm wary. I'm not sure what a home owner's thoughts will be about a stranger knocking their door, considering this "pandemic" going around.

On the one hand, I don't think many others will be trying to knock doors, because they don't wanna contract anything. On the other hand, people might not answer doors, because they don't wanna contract anything😒

Should I try knocking, or should I make calls, etc? Any help insight would be appreciated. Also, if anyone has any deals in Utah to offload, hit me up!