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Updated about 4 years ago,

Steven Hayes's profile image
Steven Hayes's profile image
Steven Hayes
  • Member since Jan 5, 2021
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12
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7
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Steven Hayes's profile image
Steven Hayes's profile image
Steven Hayes
  • Member since Jan 5, 2021
Connect
Steven Hayes
7
Votes |
12
Posts
Buying & Selling Real Estate

Line of Credit Options

Steven Hayes
Posted

We have a rental property that is 100% free and clear of debt. We have been thinking of securing a line of credit on the property in order to purchase and renovate new properties, then converting to traditional mortgage, clearing the line of credit, and repeat. Is this a good way to go about expansion? Where are the pitfalls? 

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