Surprising you can get a heloc on an investment property - those are tough.

https://www.biggerpockets.com/forums/93/topics/1224328-new-l...here is a thread I just did on Oregons new law that takes effect July 1 2025.

Run the numbers on a basket of deals you're looking at.

Bank Credit Line How did you add value to the deal?

Hi @Tyler Bolton I hope I can help clarify given I see a lot of muddled points of view on these matters online.  

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

At Wells talk to the business development officer.A local credit union offered me a commercial credit line on an LLC.

He likely needs to stay where he is, save up money for a downpayment on his own, and buy when HE is ready.He's not ready. 

It's available online in most municipalities. 

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?