Investment Info:

Small multi-family (2-4 units) private money loan investment in Philadelphia.

Purchase price: $412,000

Cash invested: $75,900

Provided Private loan to young investor getting started ...

I've heard stories where someone opened a simple credit card prior to closing on their mortgage and it delayed the process.This may be different if you're using the same lending institution for both the HELOC and the refinance, just make sure if the loans are going through two different departments that everyone is on the same page.Best of luck! 

I remember hearing my community bankers during the GRC- "We have no appetite for lending on that asset type.

I also have a Roth SDIRA which has $50,000 invested in a syndication effort.Emergency fund: $20,000Investment Cash: $75,000I put $500 every 2 weeks into Investment cash and also have my cash flow from the rentals of $2,008 auto transferred to Investment Cash account.I have 5% of pay going to TSP (retirement) account as my employer matches up to this amount.

Hello BP,Does anyone know of a lender or private lender who will lend on a vacant residential lot in Northern California?

I hope others experienced in apartments will chime in as I put in some keywords, but in the meantime I suggest that you do a search here on syndication, and on multifamily. 

Then you have the freedom to invest into virtually any asset: real estate, mortgage notes, precious metals, multi-family syndication, note funds, private lending, etc. etc. 

Specifics:Duplex, bought/rehabbed for $210K ($60K of our own money)  We owe roughly $150K.ARV: $265KInterest rate on current loan: 4.875%Current Mortage/Taxes/Insurance: $1,100/moCurrent Rent: $1,200/mo each side ($2,400 gross/mo)Cashflow: $600/moWe have spoken with two credit unions (and will look into more) and here is what the numbers look like.Lender 1: Will lend 70% LTVClosing Costs (Not including an appraisal): $6,900Interest Rate: 5.75%New Mortgage/Taxes/Insurance: Roughly $1,450Cash Out Refi would be roughly $28,600New Cashflow: Roughly $250/moMoney into deal after refi: $31,400Lender 2: Will lend 75% LTVClosing Costs (Not including an appraisal): $7,000Interest Rate: 6.25%New Mortgage/Taxes/Insurance: Roughly $1,600Cash Out Refi would be roughly: $41,700New Cashflow: Roughly $100/moMoney into deal after refi: $18,250We don't necessarily need the refi money to do another deal or two this year but it would obviously help although it would decrease (I think) the amount of money lenders would be willing to give.Does it make sense to refi even though we won't get close to all of our money out of that first deal, have a much higher interest rate and decrease cashflow by over 50% or would it make sense to keep our money in that deal with the much better rate and not refinance? 

My mortgage lending officer told me I could put 5% down on a conventional loan on up to 4 units.

I have found that fewer big-city funds are aware of, or want to lend and be competitive in my markets due to the complexity of lending and doing inspections at a distance.