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Updated over 4 years ago on . Most recent reply

User Stats

29
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8
Votes
Nicholas Fazio
8
Votes |
29
Posts

Explain this financing strategy

Nicholas Fazio
Posted

I don’t remember who said it or where even, but I quote:

 “I'd get a secured line of credit against the property. That way can pay cash for another asset, refinance that property, pay off your line of credit, then use the line of credit to rinse and repeat. Then have your bank take a second position against all the equity in the properties to increase your line of credit for larger purchases, bigger multifamily properties etc”

Thanks

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