Now that I have some equity built up and want to pull some using a HELOC to purchase my next property, no one will work with me because the property is under an LLC.

The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

I wonder how they are pulling the permit for anything.

There are considerable economic headwinds for 2025 including if equity markets pull back, there could be a reallocation of profits into real estate.

Then you can immediately put a loan on. the free and clear property and pull that cash out to get close to what you need for the ADU. 

Most hard money will be interest only payments on the full approved balance of the loan whether or not if you have pull the draw funds for repairs.If you have any other questions, post them in the same thread below so that we can all learn from the answers.

The expansion of ADUs hence serves a dual purpose, simultaneously addressing housing affordability concerns and nurturing the urban economic vitality.As far as sewer and water, they would be pulled off the main in the back of the property.

This is mostly due to affordability and for potential ARV options.I had a good friend buy a property in Indianapolis off of Union Street for $60K she put $48K into the home which was a total dump and was able to refinance the home to pull cash out in 12 months.

Evernest said they had to pull a permit from the city, have the stove inspected to make sure it was safe for the repairman then they could look at it.