Ideas on how to fund a property. HELOC fell through....
I am under contract on a house that I will be able to nightly rental. I've been successful on my other 2 nightly rentals. I do not have the cash for the down payment. I was going to HELOC one of my investment properties (title is in the business name), had conditional approval, then the bank came back saying that they won't do a HELOC since I have more that 4 investment properties (I have 5 and my primary). Any thoughts on how to get funding would be appreciated. My traditional lender says I can get the loan if I can come up with the down payment. I have also applied for a small business loan, but am waiting to hear back (I'd still have to come up with a down payment). Thanks for any advice people have on how to fund this deal.