Heloc on primary for rentals but credit isnt good due to credit card maxed out

[Jonathan Gardner]

Hey everyone, i am trying to get a HELOC on my primary residency to fund two duplexes in my local market but I am struggling to find a lender that will give me a line of credit due to my credit score being around 600. My credit score is this low due to my credit cards being maxed out and I am currently working on getting them paid off, It's only about $6,000. I am a local realtor in the area and have been for about a year now so the transition has been a little tough I do have seven units currently that have helped me get to where I'm at with the transition And I do have about $30,000 worth of commissions pending right now as of June 19th 2023 And Plan on paying off the credit cards. Problem is , the property I'm interested in the guy wants to sell ASAP or at least have it under contract before the end of the month and I'm just trying to plan how I could use my$60,000 roughly an equity from my primary to fund this property. I do have another duplex that I'm trying to buy with creative financing as that is how I have bought everything I currently own besides my primary.

[Erik Estrada]

Quote from @Jonathan Gardner:

Quote from @Erik Estrada:

Hey Jonathan, 

Hard Money will be the way to go if you are looking for fast funding. 

 As far as hard money I've talked to a few that are local to my area and they all are requesting a 660 or better credit score

There are some HML that do not consider FICO as long as you have experience