@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

Hello All,Does anyone have a couple of good brokers or direct lending contacts that specialize in commercial loans (multi unit 5 or more) on the North side of Chicago? 

Several family members are not on great terms. 

If I'm doing the work to build direct bookings, I don't want to pay commission on that. 

Instead of focusing on just money, you should focus on what kinds of work do you find exciting, meaningful, fulfilling?

You may also want to consider a 3% down conventional loan on a SFH / SFH+ADU OR 5% down conventional on a 2-4 unit - this way you won't be restricted by your current FHA

I desire to build multi-family units on rural property that I own.  

It essentially pulls expired listings along with properties that have been sitting on the market for too long.

ET on Tuesday. 

Any tips on how to find them from out of state?