Quote from @Robert Bell: As a private lender, we use reserve funds as a way to gage whether or not someone is financially ready to take on a real estate investment. 

I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illegal and not allowed by Federal Law.Anyone know if this is true?

It seems like a great platform (they call the sellers and vet the leads for you, then transfer the call so that you can try to work on acquiring the property).

I’ll be there on the 4th! 

@Ken Mull Yea  @Zaina Jouejati is right on the money here.

I live in Chicago and invest in multifamily on the east coast and in the midwest.

Hi, I am attempting to develop something similar to this on an R-5 lot in Atlanta.

The initial effect on mortgage rates was a subtle increase in long term bond yields, however in comparison to earlier this summer residential and commercial mortgage rates are down considerably.For example commercial lenders were in the 7%++ range just a few months ago, and recently are as low as 5.5%-6% and falling.

This is my first post on BP after watching so many videos.

The idea would be for them to assume the existing loan and take my half of the property with as little burden financially on them as possible.