I ended up closing the line at 5.25%, interest only payments for 80% of what I paid for the deal.

However, this is a conservative regional bank, that is on the NASDAQ, so maybe that’s the issue?

Quote from @Griffin Malcolm: Open an LLC and apply for a small business line of credit from Key Bank.

 Hey GUYSOver the years, I’ve worked on creating high-converting funnels for marketing agencies, and one thing I’ve noticed is that the core principles of attracting, nurturing, and converting leads are just as relevant for real estate investors.I’ve been diving into strategies that could help investors streamline their deal flow, attract motivated sellers, and build better relationships with private lenders.

Back in 2018, we encountered one of the most unusual title challenges we’ve ever faced while working on a multifamily wholesale deal.

@Lulu LueHUD has 2 online databases of lenders showing which ones have the most experience with 203k's. 

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property. 

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

There’s a small annual fee for registration, so make sure you stay on top of this to avoid penalties.2.

The kitchen is on the first floor, and all the bedrooms are on the 2nd floor with a bathroom.