Assuming a LTV 70% for a HELOC we could get $462,000 to draw from? 

I got 5.25% quoted this past. ..but annual fee,  minimum draw,  closing cost,  how long you have to keep the line open has been 24 to 36 months. ...just what Ive gathered in my search. 

This is a good chance to be strategic about how much you borrow toward the Purchase Price vs. how much you borrow toward the Rehab Costs (which are released in draws).Thanks for the good question, hopefully it will also help others in the future!

When I was looking at the architectural drawings I didn't think I would be a fan of the floor plans, but once we got inside the units I really liked them.

Last week I had to practically beg the lender to give me my first draw for the rehab.

Now, they are asking for $1000 more than the original invoice and a draw today.

Our Asset Management team also handles disbursement, construction draws, and tracking for all our loans (interest payments, construction status, etc.).

If you are interested in buying the house she could help you with drawing up the contract/filling in the blanks of a standard as-is contract for your state (each state has their own form).

Someone here mentioned putting a personal loan into a trust, then allowing the LLC draw it down for payments.  

Draw the line, show you're sincere, serious and the request is not negotiable.