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Updated over 3 years ago on . Most recent reply

User Stats

16
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3
Votes

I feel stocked on my investing career and need Capital

Nicolas Sanhueza
Posted

Hello everybody,

I am trying to find answers on this new phase of my journey. I bought my first 2 rentals in 2021, and now I find myself a little stocked since I don't have much more money to keep affording down payments on new projects.

I was wondering if anybody knows of any lender that offers Lines of Credit for against equity from rentals. I went to a couple banks and they don't lend HELOCs on properties that are not being use as a primary residence. Further more, some said my LLC was too new to qualify for any of their products.

I would take any advice you guys have on this regard. I invest in the Philadelphia area, PA

Thanks you all!

Most Popular Reply

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12,029
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14,166
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,166
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12,029
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

Or you could just relax for a year or so and enjoy the successes you already have. This is not a race..... :-)

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