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Updated over 6 years ago on . Most recent reply

Daniel Kong's profile image
Daniel Kong's profile image
Daniel Kong
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Sep 3, 2018
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Daniel Kong's profile image
Daniel Kong's profile image
Daniel Kong
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Sep 3, 2018
Connect
Daniel Kong
  • Rental Property Investor
  • Honolulu, HI
251
Votes |
335
Posts
Private Lending & Conventional Mortgage Advice

Max to draw from Line of Credit

Daniel Kong
  • Rental Property Investor
  • Honolulu, HI
Posted

If I were to open a line of credit for 15k, what would you (the community) suggest the max I draw at any given time? For some reason, it seems bad to pull the entire 15k all at once. (let's say I use 14k, and put 1k into a bank account to pay any interest)

Is there any standard recommendation for this?

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