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Updated over 6 years ago,

User Stats

146
Posts
71
Votes
Adam Mittermeier
  • Specialist
  • Little Rock, AR
71
Votes |
146
Posts

Should I use a LOC for my first few investments?

Adam Mittermeier
  • Specialist
  • Little Rock, AR
Posted

I am very new to investing so I am learning a lot. So my question I have is would it be possible for me to get a LOC (line of credit) with my local bank and then use it for down payments on my properties I want to invest in?

ex. $200,000 LOC

$20,000 down payment per property

10 doors

These would be buy and hold

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