Welcome to BP @David Krainert never too late to start!

Consider talking to an attorney and getting ahead of this before it’s too late.

hello all I'm looking for a lender that I can qualify for,a heloc  I just bought my firsts property in Franklin park and it was a great deal I'll be living in it for 2yrs then renting it out I got a 203k loan the purchase price was 134k with 61k in repairs the house appraised for 270k I purchased it in September made my first payment Nov. 15th there have been a few issues that were unforseen and I need a loan to finish and some extra for financial issues that came up does anyone know of a lender in illinois that can help thanks in advance

For example, suppose I had an appraisal conducted with a proposed floor plan of a building I'm renovating after a fire with no offices built (not a shell but just a finished, open floor plan) and the cap rate in that appraisal was 9.0%.

thought I would finish this off... the hvac guy found some problem of overheating and repLaced something.  

So when we finish we often say to ourselves, "Boy, I could live here."

I have no prior experience in Real Estate but I have finished school for it.

As a self employed person, that last single sale you make in late December of this year will move the needle more.

If you called them on the phone and they gave you that number, there's nothing wrong with that because they are giving you a rough guideline on what you can figure if you are rehabbing a total basket case, and they have no idea what finishes and timeline you want to work with. 

My plan is to get one finished and rented out and then start on another.