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Updated over 6 years ago,
Home equity line of credit for property bought with cash?
Hey there BP Fam,
Quick 2 part question
I’m looking to buy a property for about $25k that needs $10k for renovations (conservatively) and has an ARV of about $60k. Looking to BRRRR this one, which is my second rental purchase.
1) if I buy the house cash is there a way to get a Home equity line of credit - without having a lender?
2) What options are there to receive funding for the sale and renovation costs of a property, when the property is sale value is under $30k?
Thanks for he support and BE GREAT!
Christopher