Would I go to the current owners bank to see if they would allow a subject to loan? 

I they accepted an offer of $118K from my brother but since he couldn't get the loan, we're starting over.

@Bryan HarveyJust realize they provide high returns but it’s my understanding your investment is an unsecured loan.

It’s a bonus if the bank offering the HELOC also handles BRRR loans — they’ll be more flexible and accommodating when it’s time to pay off the HELOC with a new loan!

Are LPs entitled to see foreclosure, bank loan related docs?

Feel free to share any specific questions or scenarios you’re working on—I’m sure the community here would be happy to provide insights.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

I love that you have specific goals for 2025 - I believe if we think it, write it, say it, and share it our goals are 10x more likely to come to fruition.Are you able to do option 2 and just house hack a 2-4 unit building and use a renovation loan which allows you to put down 3.5-5%I highly suggest getting to some local chicago meetup groups (we have an in person one on the 17th)...here is BPs list: https://www.biggerpockets.com/forums/521-real-estate-events-...I also have a full list of the chicago meetups that I can share with you too if that'd be helpful.

This provides you protection and gives the lender a clear exit strategy,.

Can provide all the benefits from a cash flow and tax perspective.