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Updated over 5 years ago,
Lines of credit
I am trying to find more lines of credit - I buy most of my rentals properties for cash, rehab them, then refinance so when I have multiple jobs going at once money can get tight, especially around tax payment time :)
I have a 50K line for my internet business with CHASE.
I also have a 40K HELOC on my personal residence.
For someone with excellent credit, 200K+ NET, and 14 renal properties with about 500K equity.... Where would be the best place to get additional lines of credit.
I tried applying for a 75K Wells Fargo personal unsecured line of credit but got denied - I thought I would be a good candidate. Waiting for my letter to find out why.
Any ideas before I start racking up applications on my credit report are appreciated.