Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

83
Posts
51
Votes
Grayson Graham
  • Investor
  • Bend, OR
51
Votes |
83
Posts

Whats the best way to invest my line of credit?

Grayson Graham
  • Investor
  • Bend, OR
Posted

I work at a company that does construction financing and as a sort of bonus to the staff we get to fund one "office project" each year where we split the risk and profit amongst ourselves. This is my first year participating in the office project so recently i went to the bank and got a line of credit for $190,000 at 4.5%. Most of this money will be invested in the office project 6 to 9 months of each year. Which leads me to my question:

Whats the best use of $190k credit line for only 3 to 6 months of each year?

After the 2018 project is finished should i just pay off the line and wait to use it again for the 2019 project? That seems boring...

Thank you for taking the time to help me come up with some ideas!

  • Grayson Graham
  • Most Popular Reply

    User Stats

    479
    Posts
    316
    Votes
    Steve Milford
    • Realtor
    • Vancouver, WA
    316
    Votes |
    479
    Posts
    Steve Milford
    • Realtor
    • Vancouver, WA
    Replied

    Of you have to cash out in 9 months then buy a below market property, rehab a little and then sell it in August. Watch what rehabbers are doing in your market to see and evaluate to find one applicable.

    Loading replies...