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Updated over 2 years ago,

User Stats

114
Posts
33
Votes
Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
33
Votes |
114
Posts

Lines of credit with no job and little income

Noah McPherson
  • Rental Property Investor
  • Duluth, Mn
Posted

I'm 23, and over the past year and a half, I've purchased two duplexes. Now, I'm looking to buy a third property, and I'm actively looking for ways to do BRRRRs with no money down. One potential way I'm considering is using lines of credit to fund down payments and/or rehabs. I currently have no job and pretty good credit. However, I do have reserves that can support three properties and a good chunk of equity in my properties. My question is does anyone have any advice on securing lines of credit? Is there any creative methods anyone has experience with in accessing lines of credit in a situation like mine? TIA

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