Investor · Washington, DC · Member since 2013 · 8 posts · 0 votes
Hello,
Long time member, first time poster. I am an out of state investor that currently owns four (4) properties within the Detroit city limits. I bought the properties during last year's Wayne County Foreclosure auction without any debt/loan.
Two of the properties have been fixed up with my personal funds and are now both leased. The other two I would like to get fixed up but I am currently low on funds. Are there any local banks that are willing to provide home equity lines/loans for investment/non owner occupied properties? I would like to use the two properties that have been rented as collateral for the loan.
Rental Property Investor · Oak Park, MI · Member since 2013 · 222 posts · 35 votes
9y
@Richard Corley Sorry brother, Yes i over looked that request in the original post, however rossmortgage will do a "homestlye loan", i know those loans wont require you to occupy , hope this helps brother