Our members get crowd funded financing through a private source here in Illinois.

There are several local community banks who would enjoy hearing your story and could possibly refi all the properties for you in a single loan.Send me a private message and I'll be happy to make some introductions for you.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I live in a townhouse for which I paid cash. Then I formed an LLC for my REI’s. I’m thinking of a HELOC for short term deals/flips and was wondering the following...

1) Should I take out a HELOC on my townhouse or my...

if they advertise on any public medium then they are one in the same.. private lenders don't advertise and are those you know personally. 

Flood risks are mapped out by FEMA and Flood Insurance is provided by the Gov't (National Flood Ins.) and recently by private Insurance companies. 

The private lender just wants fire and theft policy.

BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private financing.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you :http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

I would really like to create an option for those seeking a private alternative to hotels, but is this a can of worms?