If you have a steady job and make a decent wage and you like your credit union, talk to the manager and let them know the situation.

Does anyone else have any contact info on banks / credit unions that that would be able to make that loan?

I am looking for responses from people that has used credit unions in the Chicagoland area and surrounding suburbs for HELOCS. 


Please let me know also what credit union you used.

And of course the address of the property (its a rental).

I know this an epic debate for investors but my personal opinion leans towards having a license especially if you in the wholesale business.... puts a layer of disclosure on top of course but allows you to give the property owners some options. 1) "I have investors who are looking for properties like yours that can pay cash and close quickly to solve your problem Mr Seller" or 2) "Just need to sell but don't have an urgent time constraint you say?

Here are some good places to start: http://www.biggerpockets.com/meet- find and connect with other BP members that are in your area.http://www.biggerpockets.com/alerts - Set up keyword alerts to be notified of the topics that interest you.And, of course thehttp://www.biggerpockets.com/forums - ask any question about real estate!

The upside is that there is no lien on the property.If you have the ability to do a refinance after a seasoning period, and the house is worth more than you paid for it, consider doing that and pulling out all your capital.If you use a smaller credit union, some will bundle multiple small properties into one blanket loan. 

That being said I've done research and came across many different online and in person courses that are offered and was wondering what agency you went through and if you would recommend the same or a different agency?

With one of them, who applied, it ended up with him asking me to prove I owned the property and going over the lease with a fine-toothed comb (after he missed a couple of deadlines to get things back to me, I moved on and denied him).I figured the facts that 1) prospective tenants see the property and can talk with the current tenants to ask about the property and me, and 2) that they have to submit an application and go through a credit and background check, and 3) that I was using Cozy to collect payments and 4) that I am available by phone, email and text whenever they want, would be enough to make people comfortable that they are not getting scammed, but it was apparently not enough for some people.Does anyone have any tips to help prospective tenants feel more comfortable dealing with you from afar and not feeling like they are getting scammed?