need heloc

Financing, Hard Money Lenders, Private Money
1

Here the scenario:

I have a NOO triplex, purchased 6/04 for 129K I owe 115K, its worth about 225K. I like to obtain heloc to net me about 50K.
I also have a mortgage/heloc on another property for 53K/103K property worth about 275K.
I just (6/05) purchased condo for 205k with 80/10 of 165K/20K.

Will I qualify for this heloc of 50k?

Located in Phila, PA

I open to all possibilities.

i also need access to more capital to buy more properties.

Thanks.

JBJR

2

Go to your local bank and or credit union. They should have the best rates.

3

Two banks already denied based on , reasons will follow in letter they say.

4

Have you considered talking to a mortgage lender instead of banks? What about private money? Have any family members that want to make more than what their bonds are yielding? Maybe a joint venture deal with another investor. I’m just throwing ideas at ya. Think any of these could work?