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Updated over 2 years ago on . Most recent reply

Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
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Jackson Tate's profile image
Jackson Tate's profile image
Jackson Tate
  • Investor
  • from Brevard, NC
  • Member since May 25, 2017
Connect
Jackson Tate
  • Investor
  • Brevard, NC
8
Votes |
54
Posts
Private Lending & Conventional Mortgage Advice

Business Line of Credit

Jackson Tate
  • Investor
  • Brevard, NC
Posted

Does anyone have any recommendations on where to look/who to talk with regarding line of credit for flipping business?

  • Jackson Tate
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    Dominique Palmer's profile image
    Dominique Palmer's profile image
    Dominique Palmer
    • Rental Property Investor
    • from New Orleans, LA
    • Member since Dec 23, 2018
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    Dominique Palmer's profile image
    Dominique Palmer's profile image
    Dominique Palmer
    • Rental Property Investor
    • from New Orleans, LA
    • Member since Dec 23, 2018
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    Dominique Palmer
    • Rental Property Investor
    • New Orleans, LA
    45
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    Dominique Palmer
    • Rental Property Investor
    • New Orleans, LA
    Replied

    Yes @Yvette Richards I can. It was nothing special I think the important part is finding a lender that has more lenient guidelines. A few years ago started calling banks looking for capital to invest in flips came across a bank that said if you have an LLC we can give you an Unsecured Buisiness LOC. So I created the LLC and called them back. They ran my credit(they wanted at least a 680), asked for a few pay stubs and 2 years tax returns. Less than a week I had the LOC.

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