Neither is inherently better, foreclosure may take more time because the bank is involved, but if they are both good deals both are fine.

Wanted to check with the community which banks are fairly friendly to investors looking for a HELOC on their primary.   

At first, it was hard to get the banks to take them seriously but now they 3 banks fighting over them to get the loan.

Does anyone have suggestions on which bank(s) or credit union(s) will loan on a home(s) for  $45,000 or under? 

It is a duplex in Westland mi $87500 sale price leveraged through a bank loan that will rent for 850 per side and cash flow very nicely ($250 per unit after all expenses) Im also starting my first flip. its a sfr in Wayne mi. i got this deal through seller financing with no money down (Im kinda proud of that lol).

There is a small risk that if you refinance first and then move it that the bank will call the loan due because of a change in ownership.

Rent Roll, Tenant Ledger, Even Bank Statement) it would show that there is a growing balance (the late fees) or the deposit being made after the due date which should have raised a flag.Unless no reports were sent (unacceptable) or there were not reviewed (also unacceptable), warning signs were visable after 2 or 3 months.Oren

We thankfully got a home equity loan with a 3.25% interest rate very quickly through our bank and brought 100% of the cash to buy it in the form of a cashier's check at the closing.

We are just now working through the process of subdividing our land and getting a partial lien release from the bank.

So my question is..what is the next step before we ACTUALLY put our business plan and paper, and begin pitching to banks/investors?