Adams is aware that I am one of the creditors to this action.

hey jakob, i just refi'd to get my rate down not too long ago, so ideally just a line of credit or a second position that doesn't affect the first, but obviously if the deal was right and it was worth it, i'd be willing to refi again. do you have any bank names you know of?

Hi Mat,On Plan 1, for you to take out a line of credit or HELOC on the townhouse, you'd need appreciation to tap into equity.

It cannot be seized by creditors except for specific, limited exceptions like mortgage defaults, tax debts, home improvements, or home equity loans.

—is especially important because if the property is owned by the LLC but your signing in your individual capacity, you're giving a potential creditor an easy-in to ignore the LLCs protections by piercing your corporate veil.

If it is on the MLS, do a full inspection and even ask for some credit or a price reduction on top of it!

Whether it be noo heloc, personal non secured line of credit, or a commercial line of some sort.  

It is a low end unit here in my area and most of the people I am getting are either bad credit or trying to move a family of 3 into there.

I think what's holding people back is being taught how to buy notes by people that have zero formal credit or special assets background.

I  am wrapping up a 90 home project in Oregon were I bought the land developed all the lots and bulit all the homes for 75 or so we never gave a credit or if there was one we added it to the price last 10 or so everyone has asked for credits and to keep the deals we had to do it.. so basically 10k per house.On my fix and flip funding deals that I provide the capital for in 10 markets I would say 95% of those have to give seller credits as well.