HELOC in Ohio (low prices)

[Bon Osonwanne]

I'm looking for a lender (like a credit union) that can do a HELOC, preferably up to 100% LTV on two $25k properties in Lima, OH , and Cleveland, OH. Let me know.

[Andrew Postell]

@Bon Osonwanne you are in for some challenges here my friend.  I started out on $30,000 properties....there are TONS of lending challenges at this price point.

First, most investment property HELOCs are limited to 70% of the value of the property.  

Secondly, anything under $50,000 is near impossible to get lending on.

You would probably be better getting an UNSECURED line of credit for about $30,000 or so.  That's more possible than getting the line of credit at this price point.  I don't mean to be a bummer about it but I just want you to have the right expectations on it.  Properties at that price point cash flow well, but hardly any lenders are willing to put a loan on them.