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Updated about 7 years ago,

User Stats

20
Posts
6
Votes
John J.
  • Norfolk, VA
6
Votes |
20
Posts

Traditional Bank REI Loans & Credit Card LOC

John J.
  • Norfolk, VA
Posted

So, I've getting my feet wet in understanding where funds can come from for deals when you yourself have very little liquidity. I went to my local bank and they informed me that they do standard 75% of property Value REI loan, which means I just need to find 25% of w/e deal I'm going for. I will be sticking to the $100k and under in the Hampton Roads area. My question is whether or not it's unheard of to cover all or most of the down payment via credit card, or if that's even possible/legal?

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