Best Use of Credit Lined

[Matthew Rogers]

Hello friends!

I recently leased out my 2nd SFR. Both cash flow approximately $300 after expenses. I have around 25k in reserves and my job nets me $8k a mth. My niche is high end SFR. Multi family and commercial are terrible buys in my market.

I listened to podcast 55 and took the guest advice on calling local lenders to evaluate next steps for growth. One lender at an institution I’ve done 4 conventional deals with offered me a $250k credit line!!!

My question to you experts is how best to deploy that money assuming the terms are reasonable. I’m leaning toward a direct mail campaign and brrrrr as many SFRs as possible. I can up a 3/2 at around 60-80k.

Thanks!!!