Did anyone have any success obtaining a NOO HELOC under LLC recently now that the market is better for the lenders?

I’ve talked to a number of investors and they can’t get 10% down on owner finance transactions were the deed transfers at closing.I operate in 4 or 5 markets.

And.....”preREO”...just another goofy a$$ made up marketing term. 

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

Depending on the condition you'll command a better price on the MLS vs. off market.

In short, I’m trying to figure out if it’s worth pursuing an off-market seller financing deal versus getting a traditional loan and competing for the property on the open market.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

I'm excited to take some of those pictures and see how it improves.Something we have done that seems to gain attention is our first image is a collage of 4 of our top photos plus the property name and marketable info.

I have tried both, I think it depends on the market you are targeting and the type of leads.

Finding great off-market deals can feel like a needle-in-a-haystack challenge.