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Updated over 3 years ago on . Most recent reply

Mike Reynolds's profile image
Mike Reynolds's profile image
Mike Reynolds
  • construction
  • from Nacogdoches, Texas
  • Member since May 10, 2011

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Mike Reynolds's profile image
Mike Reynolds's profile image
Mike Reynolds
  • construction
  • from Nacogdoches, Texas
  • Member since May 10, 2011
Mike Reynolds
  • construction
  • Nacogdoches, TX
1,165
Votes |
2,092
Posts
Mortgage Brokers & Lenders

Acquisition line of credit?

Mike Reynolds
  • construction
  • Nacogdoches, TX
Posted

I'm looking to get a line of credit and not sure which one to get. Possibly an acquisition line if credit? 

I want to use it to purchase SFHs to BRRRR. I have equity in other properties but I don't want to tie that up because I have plans for that next year. I am willing to use the income from these properties as collateral and/or proof of solubility. It has just been building up anyway and I need to find a place for it.

Is there a loan vehicle like this? If not, what would you recommend?

  • Mike Reynolds
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