They will lend you their IRA money.My friends and family lend me 100% of the purchase price AND rehab money.

Hello, It's Yusuke from Chicago.I heard that UWM is lending a HELOC not only on a primary residential but on an investment property.I own a rental property and would like to take a HELOC on investment property.The problem is that they don't work with borrowers directly and have to be through mortgage/loan broker.Is someone working with UWM (United Wholesale Mortgage) ?

Ive become big on lending...id take a portion of it and put it into lending.

I've seen this done by some larger institutional buyers.  

No lender will lend on a deal that doesn’t make sense.4) After the appraisal comes back you will get a document that outlines the amount to be borrowed and all fees that will be relating to the loan (I would suggest to ask for an example of this document when you are searching for an HML so you will know what fees are going to show up).5) Close the loan at a title company of your choice.6) Begin work and make draws on any repair balance.

As for the point before you're first-- yes most folks think it's institution driving up these prices.

Do all your due diligence upfront (see if you can get an inspection done before submitting an offer)On the lending side a DSCR loan is an option.

They are lending to people who are so desperate they will pay 16+% for the loan.  

I am currently looking into private lending on another property in either Illinois or St.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.