Hello all,Anyone have any recommendations for banks that are still opening HELOCs on investment properties.

We have a pretty solid lease that has served us well on our properties but on the most recent move-out by a long-term tenant that always paid early, we had to clean from floor to ceiling and everything in between. 

They may seem attractive on a spreadsheet if you are chasing cash flow, but the fundamentals are not as strong and these properties are  disproportionately impacted by capex and operating costs.

We’re actively acquiring properties with interest rates as low as 2-3%, even though current rates are nearly triple that.

The vast majority of DSCR loans are structured as regular mortgages with the personal income/DTI replaced by the rental income from the property.

Partnering with Seth Choate, we successfully sold the property on 10/09/2024 for $225,000.

However, the buyer might click just to see "what this ad is all about" or to check if you have properties for sale.

For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.

But the insane tax increases in Jackson County, Missouri (Kansas City) were deemed illegal:"Missouri’s State Tax Commission ordered Jackson County to roll back its 2023 property tax assessments, which raised homeowners property assessments by an average of 30% and more than 100% in some cases.

My properties are Class C properties.