Hey everyone, I’ve been calling around to banks trying to find someone that offers a HELOC on an investment property.

DealCheckDealCheck offers a free version that simplifies deal analysis, helping you evaluate potential investments quickly.

You can also check with just about every other insurer out there as a lot now offer STR insurance.An umbrella policy isn't a stand alone thing.

Happy to send you some resources on S8, the Detroit market, etc.Travis, Yes please send me those resources on Detroit market.

If you’re short on down payments, here are a few strategies to consider:Leverage Equity: If you own any properties with equity, consider tapping into that through a cash-out refinance or HELOC to fund your down payments.Seek Joint Ventures: Partner with other investors who can provide the down payment while you manage the property or contribute in other ways.Explore Creative Financing: Look into options like seller financing or lease options, which might require less upfront capital and can be structured to fit your needs.Consider Private/Hard Money Lenders: These lenders can offer flexible terms and quicker approval compared to traditional banks.

I want to make a few offers but it's been really difficult finding  A realtor and mortgage broker that will actually work with me.  

After using the calculator the offer price was around 260k. 

Rebecca,I would offer you this advice as a Banker who does a lot of DSCR loans per month.

Happy to connect and share a couple of resource for new BRRRR-ers.

Hi James,Yes, there are still hard money lenders that offer gap loans with straightforward underwriting and competitive origination fees, but they are becoming harder to find.