If it’s in good condition and area, most properties at drawing multiple cash offers at or above asking price.

The selection process is pretty different as well, total luck of the draw and then you take it or pass and might not get anything.  

We attempt to evaluate drainpipes by flushing every drain that has an active fixture whileobserving its draw and watching for blockages or slow drains,but this is not a conclusive test and only a video-scan of themain line would confirm its actual condition.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but these have strong rules for taking cash out from a home quickly.

If they decide they want to stick around with and be a part owner with you would be good to seek legal advice to draw a contract.

But we also had to have a Commercial Architect on board to complete the drawings, design specs, document the system components & the specific convoluted areas requiring fire sprinkler coverage.

Without more information its hard to pin down the exact reason its been almost 2 years without a deal.

@Kayla Jones setup auto draw from their bank account.

Sure, if you're a first time investor drawing on a HELOC with a subpar credit score, maybe there's reason to be worried and maybe some other criteria is established but I wonder longterm, whether these changes are going to be as bad as everyone is expecting.

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