Is it possible to get a HEL OR HELOC on non owner occupied properties?

If so anybody know a bank in Chicago or that funds in IL?

My wife and I recently joined the site and are in the process of exploring rental property opportunities (SFR).  I had a question on the typical term for a rental property loan.  We have heard that for a rental proper...

Hi, I understand that most private lenders want to lend for no longer than 5 years. With this in mind, do investors who use private money need to continually find new private money to act as a replacement? Or are b...

hey all,happened upon a very low-cost property that the owners have free and clear. they've been living in one side w their mother in the other unit for twenty some odd years now and are moving to a new house. they tr...

Hi, I am putting conventional loan bid on a property. I have a pre-qual from one bank, and have a term sheet. I want to know if someone can give me some typical terms they have come across. For example, this loan is 2...

I have an assignment to interview someone in the business or financial field for my entrepreneurship finance class. Here are the assignment details:  "This assignment requires you to develop a “mini-case” about a lend...

Hi there,I'm making an offer on a college house.  It's a 15 bed/6 bath rooming house and I'm trying to figure out how best to finance it.  The property is legally designated a rooming house.I spoke with a mortgage bro...

Hello BP Family.I have one year old LLC and my company made less then 10K in 2016. I really need to obtain finance to make another purchase. When I ask my bank about business loan they advised to be more specific: "A ...

What are typical terms for borrowing from a hard lender?

Hello fellow BP fans,I'm looking for the least amount of down payment on a non-owner occupied 2-4 unit multi family. I spoke to lenders who require 20%, 25%, 30%. - Aside from owner financing, what are some ways I can...