Hello Everyone,Does anyone know of a lender who can provide a 1st lien HELOC on a 2 unit rental property?

Tossed around quite a bit and it isn't what it once was, but the value is still very high based on past performance and brand recognition.

On a Fix and Flip Loan, Max LTC is 90%, 100%Rehab, 90% Property Purchase on Value. 

I had another person speak highly of New Western.

REI nation is a reputed turnkey provider but they just sent me pictures of the property and asked me to choose.

Really appreciate any insights that you can provide!

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

Highly suggest coming out to some of the local chicago IN-PERSON meetups! 

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.