Whats up BP Pro`s, I am looking for recommendations for a lender that offers an equity loan or line of credit for investment properties, ideally with stated income / low doc requirements. 

Generally, materials are broken down into two categories:Rough Materials (lumber, nails, screws, brackets, piping, fittings, mortar, wiring, outlets, switches, drywall, etc.)Finish Materials (tile, grout, flooring, paint, light fixtures, plumbing fixtures, door knobs, etc.)The way that I structure my contracts is that I buy the finish materials and have my Contractor provide all rough materials.I think it's strange your Contractor wants you to buy piping, brackets, etc, because I would classify that as rough materials.There's no way I would ever want to be responsible for buying all of the piping, fittings, elbows, p-traps, etc for my Contractor...I would be at Home Depot all day buying and returning stuff! 

@Courtney Kimbrough credit cards, both business & personalLowes & Home Depot etc accounts to fund refurb( ideally business accounts, they don’t report to personal credit)

On the commercial end, where I operate, deals are brought to us by brokers or lending institutions wanting to get rid of a note either in default or one that no longer fits their portfolio.

There are too many variables to give a one-size fits all answer.Personally, I would put $1M into commercial syndications (money backed by a hard asset that historically performs well in market turmoil) and diversify the remaining $1M across notes, NNNs, SFHs and some S&P 500 index funds.

Everyone is different and there is no one mold fits all.

@Tony TibbarIf you do all your paperwork at home, you'd want to have a designated space at home (ideally, a room) that is used for work exclusively.

They request what is called an “as-repaired appraisal.”To give a general picture of how the as-repaired appraisal fits into the process here’s a very basic look at the steps involved in a standard 203K loan, sometimes called a Consultant K* loan:The borrower selects a property, a lender, a 203(k) consultant and a general contractor.The lender pre-qualifies or pre-approves the borrower, and determines that the property is eligible for a 203K loan.Working with the consultant and the contractor, the borrower submits a document that specifies all repairs.The lender requests an appraisal.

The deals that fit the 1%, and especially 2%,  rule are going to need to be made, most of the time, in the Charlotte area.

Ideally, a 2-4 unit which you and your brother can buy owner occupy.