Sold shovel ready project with full set of plans, engineered drawings, mechanical, structural, geotech, etc.

We decided to move from region and sold shovel ready project with full set of plans, engineered drawings, mechanical, structural, geotech, etc.

I need one more opinion to pull the triggerHow long is the line of credit draw period and does it balloon at the end?

Explain what you want to do, have drawings and cost estimates for all of it and a time frame for completion, and an explanation of where the money is coming from. 

It will "mature" into a 20 year fixed rate mortgage that you can no longer draw on.

If you just deposit 45k into the account and start drawing down on it as you pay that 45k looks great in the beginning but if you aren't careful you might get to the end and wonder where it all went if you aren't done. 

Many of them have credit facilities they draw upon.. and to get those they have to right a business plan.and in that plan they put out what there terms are .. both fico  ARV  LTV  seasoning etc.Peak in Kansas city  has some good buy hold loan products.. you may try them. 

.- Profits from flips are not eligible for 1031 exchange- With the profit you can turn back around, make an owner draw from the LLC， and pay off the HELOC. 

Oh well back to the drawing board.

It is essentially a "cheaper Seattle" in a sense without the city life draw.