I'm a full time investor so I had my hardship running around trying to get a bank to take a chance on me. Lo and behold though, today I was able to sign the final documents for my first substantial HELOC. Banner Bank (Shoreline, WA) has personnel who are very personable and extremely professional. They understood my need and reasons for securing this HELOC as I'll be using these funds for another purchase or extra monies for rehab.
I just wanted to share as this was a big deal for me. If anyone is interested in details, just message me and I'll share more. I know I can't be the only one who has had trouble finding competitive financing. Moreover, I'm also interested to know if other investors have had success securing multiple HELOCs and their own difficulties in securing those lines.
I am also interested in securing a HELOC, but I have a BK filed in 3/12. Can you give me an idea of what your credit looked like?
a big congratulations and good luck on the future endeavors!
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