DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Hello BP Community, Does anyone have any suggestions for local community banks or credit unions in the Indianapolis area, or Indiana in general, for pulling a HELOC on an investment property? 

Usually someone has gone on their own and they get in over their head mid transaction and start researching someone to help.I do not want to consult and help clear up a mess mid deal for a 10k to 15k fee when I make usually 100k or more a transaction in commercial real estate.

I think it will help speed things up.I remember taking your class and you were talking about knowing the different from a vacant house and an abandoned house.

So, to be of any help to these people, we need to help them understand that (1) wholesaling is NOT investing, in any way shape or form.  

Any other helpful info is appreciated!

This has helped with avoiding College Parties as they don't even search for 3 nights so that has helped greatly. 

Here are my initial thoughts:-Making the offer contingent on seller showing me background check documents from their due diligence-Requesting for a walkthrough of the property after the offer is made, and reserving the right to pull the offer if the house is not maintained wellAre these ideas practical?

Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?

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