All Forum Posts by: Philip Hourihan

Hi!

I'm looking for investors who would like to streamline the financing of their fix and flip projects.  In partnership with our Planet Renovation Capital division, we can not only assist with financing you purchase and renovation, we have multiple products available to meet your exit strategy financing as well.  

Let's connect and chat about your next project.  

Hello Bigger Pockets!

I'm an experienced lender looking to connect!    With the ever changing market, I'm looking to learn about how everyone else is finding solutions to the challenges we are facing.  Look forward to connecting and seeing how we can collaborate.  

In most cases, it would not come up in the appraisal process for a HELOC. Most lenders are going to use an automated valuation or desktop appraisal. The only scenario I could potentially see it being an issue is if you requested a full appraisal to be completed for a higher value. At that point, an appraiser would check to see if it operating as designed.

 @Ryan Haltom  I've worked with clients in similar situations and it really comes down to the underwriter, not necessarily the lender.  Based upon the details you have, there could be potential questions from an UW on the purchase of the quadplex as to why you would be making the change from the current primary to the quadplex and from the brief information you've provided there are could be a lot of reasons why.  If and when you move back, there are also a lot of explainable reasons as well if it ever came into question.