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Updated over 6 years ago on . Most recent reply

User Stats

40
Posts
19
Votes
Christopher Oyenuga
  • Developer
  • Augusta, GA
19
Votes |
40
Posts

Home equity line of credit for property bought with cash?

Christopher Oyenuga
  • Developer
  • Augusta, GA
Posted
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
  • Christopher Oyenuga
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