Has anyone been able to secure a LOC or HELOC against multiple residential properties held under LLC names?

I have lots of friends in the business who are more than happy to refer me to people with good reputations, and I know how to get multiple bids on jobs.The property is a mile from my house, so it would be easy to go over there multiple times a day when I need to.

I had multiple potential tenants from E5 and below, and one of my properties is leased to military.

If I were buying on these terms, I'd put multiple contingencies.

You have to be careful on this because resetting multiple times isn't safe (i.e. don't just keep pushing the button.

You never know how the sheets will be split between parting partners.Avoid potential issues, hold all major players responsible, enforce terms jointly and severally, take the position to collect amounts due from the most economical path in a timely manner.It's prudent lending practice, failing to do so is poor management identified by regulators for insured institutional lenders if major players are not held responsible.

Plus since the tenant is in the state of packing, a lot of items are in a state of flux, with multiple showings, I just hate a tenant to blame something on my showings - "I had an iPad on top of the coffee table this morning, and it's gone".So I typically wait till the property is vacated and I had a chance to clean it to show it, but I like to hear from other landlords who have showned their units during the last weeks of occupancy.

Personally if you are going for 4 flips in a year, try and find 1 or 2 good HMLs while you are searching for private money lenders who will give better terms - they will allow you the flexibility to make all cash offers which will be more attractive to sellers.Access to capital will be key as you grow so establishing relationships with the HMLs for your first few deals may help you a year or two down the road when you are finding multiple deals at once and need more capital.

Additionally you can find things like lots with multiple homes on them or a property with an accessory dwelling unit over a garage for extra income.Are you willing/able to move to SLC or Provo anywhere in between?

I am a team player, who strongly believe that 'teamwork will make the dream work.'