That can work but you'll likely need to go further from the GTA.HELOCs however are great not only as a source for down payment or renovation but you can also privately lend for 2nd mortgages off of your HELOC.Lend out borrowed funds at 4.5% & receive returns of minimum 11% right there you can make 6.5% return on money that isn't really yours in the first place.

Only one was through a private lender.

Hello Forum,I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private Money Lenders and conventional Lenders (Banks)?

You can private message me and I can check with our CFHA contact.

If you're looking at rough properties I would suggest finding a HML instead or a private lender. 

If that is too slow, can you find any private lenders?

However, the city official still decided he wanted to further investigate the work.

The good news is you have lots of options to access this information yourself, and you can take steps to correct any errors you find.Once you are confident your credit report is where it needs to be, you can explore financing options, like traditional lending, hard money loans, and private financial backers.

The good news is you have lots of options to access this information yourself, and you can take steps to correct any errors you find.Once you are confident your credit report is where it needs to be, you can explore financing options, like traditional lending, hard money loans, and private financial backers.

Hello Everyone,A private lender is offering a home equity loan on my old single family residence.I am assuming he will put a lien on it with a 2nd position, correct?