Not to that drastic extent but SWFLA coral and lehigh are seeing some major wipe outs on new builds and half built new builds.I lost all my credit lines  25 million worth of 1 year revolvers that us HML use to fund loans for all you investors out there..

I'm hoping to get a HELOC to Kickstart some things in the hopes that successful flips and such will pay it back and I can just use it as a revolving door. 

Once you consolidate some of this debt, your scores may rebound over the next year once the new revolver trades seasons with good payment. 

Buying too high, contracting overages and even a revolving door of contractors at times, and then exit sales vs ARV from appraisals months old.

However, there are a few complications that limit your traditional lending options: the property is held in an LLC, your income is currently low due to the ramp-up of your self-employment, the property's future use as a primary residence or rental is undecided, and you're looking for a revolving credit product, not just a one-time loan.Traditional banks rarely offer HELOCs on properties held in an LLC, especially a single-member LLC.

Primary: HELOCs are good for short-term use of cash and if you need the benefits of the revolving credit it may make sense.

@Gaya Ben SimonThe classic methods of this era to start generating off-market leads are the cold calling/texting combo, which revolve around extracting data from services like PropStream, ListSource, etc...Skip tracing them and then cold calling/texting them with the endless amount of scripts that circulate this industry.

Home Equity Line of Credit (HELOC)A HELOC provides a revolving line of credit based on your property's equity.

Previously my underwriting and approach primarily revolved around researching other completed projects ensuring I am building to the same specs to achieve the same pricing.  

The others are simply waiting for that revolving door to open and to walk out