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) ?

Before somebody will refer you to someone, they'd generally want to be sure that you'll buy a property so as to not waste their time for nothing.Hope this helps.

As others have noted, it would be a clear distinction to identify whether that person is a true end buyer or a wholesaler.I've personally seen someone sub-to a hard money loan and take over someone else's hard money loan (not assumption but just sub-to) so this is possible.

I always get scared when someone suggests HMLs...

Even TurboTax state tax returns cost you some money, and if you hire someone - then it really costs you.

Have you considered partnering with someone who has money? 

I would love to meet and network to people in South Florida , and find a mentor or someone who has taken a similar investment route that I am doing from flipping to owning rental properties.Really just meet likeminded people. 

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

Could someone clarify how to handle this?

However, I haven't been able to find any official information confirming whether this is legal or if it violates any laws.I'm hoping someone here might have experience with this or know of a reliable source that can clarify the legality of contacting a tenant's commanding officer.