I want a HELOC, but have never heard of anyone finding an institution who would do it.

If the institution is a bank, like a small community bank, it is likely a portfolio loan and they own it and always have.

I'm going to leave the minute details out, but it was quite the adventure trying to get my money in the right place (and that wasn't due to error or time issue on my part, or dragging of feet in the bigger financial institutions), even when using direct preferred/recommended vendors to RADD IC.

Anyway, yes, if you know how to work performing notes and can get a decent discount (unlikely from institutions) they can be a gravy train.

There was an infamous mental health institution near me that was fully converted into townhouses and I hope everyone watched the Ghosthunters episode before they moved in!

Some of it is just a royal pain in the ***.

That would be about a month.This timeframe may vary among institutions, counties and states.

A good broker maintains relationships with various funding sources, including individual investors, investment groups, and financial institutions.

Many private institutional lenders prefer or require your property to close in the name of LLC instead of your personal name.• Understanding the rehab budget draw process: After you close on a rehab loan, your rehab budget is not handed to you at closing.

I just want to connect with other people who are doing short term loans on real estate projects that are not institutions.