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Richard Corley
  • Investor
  • Washington, DC
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Financing Options for Detroit Investors

Richard Corley
  • Investor
  • Washington, DC
Posted

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.

Thank you and I appreciate any and all advice.

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222
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Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
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Tereal Wilsonn
  • Rental Property Investor
  • Oak Park, MI
Replied

@Richard Corley

 Sir look into this program for the city of detroit,

http://www.detroithomemortgage.org/

Also look at Ross mortgage

https://rossmortgage.com/ 

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