Anyone had recent luck with the "book binder method"?

Hello can you pls recommend me a lender that do heloc i have investment property now that rent it cash flow around $400 and i have 150k mortgage on it now and the house worth 227k I want to use this equity and but with the brrrr method like I did with this property... ty  credit score 680

Curious where you learned this method of lending money without getting it secure?

Frankly, surveys are a stupid collection method in 2025.

My super rough screening method for properties is a revenue-to-price ratio of 10%.

What are the methods you're using? 

What’s your preferred method of contact and time that works best for you?

Even if the appraisal isn’t sky-high, as long as your debt coverage ratio is strong, you can still pull enough cash out to pay most (or all) of that $50K back.Bridge Loan / Private Lender: If the DSCR doesn’t quite give you enough, a short-term private or hard money loan could clear your family debt and buy you time to stabilize and refi again later.Cash Flow Method: If you can’t refi right away, start making interest-only or partial principal payments to your family member from the strong student housing cash flow until you can do a proper refinance.Partnership Buy-In: As a last resort, you could sell a small equity stake in the property to another investor to raise the capital to pay her back.5.

For example, if  I set up everything from initial requests and tenant screening to payment methods and lease documents through furnished finder.

A few things I always check:Expense ratios: Are they realistic compared to local benchmarks, or trimmed to boost NOI?