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Updated over 1 year ago on . Most recent reply

Peter Beebe's profile image
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Peter Beebe
  • Flipper/Rehabber
  • from 06082
  • Member since May 25, 2020
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Peter Beebe's profile image
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Peter Beebe
  • Flipper/Rehabber
  • from 06082
  • Member since May 25, 2020
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Peter Beebe
  • Flipper/Rehabber
  • 06082
1
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Creative Real Estate Financing

Line of credit from equity in a rental property

Peter Beebe
  • Flipper/Rehabber
  • 06082
Posted

My business partner and I are looking to leverage a few of our rental properties using a line of credit from their equity. The problem we are having trouble finding banks will to do a line of credit on an investment property. Does anyone have preferred lenders willing to do these lines of credit? 

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    Logan Singleton's profile image
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    Logan Singleton
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    • from Boston, MA
    • Member since Sep 10, 2023
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    Logan Singleton
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    • from Boston, MA
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    Logan Singleton
    • Lender
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    Logan Singleton
    • Lender
    • Boston, MA
    Replied

    Hello, What @Heith Reade said is entirely correct. Just one additional point: investment property seconds are rather expensive right now. They run anyway from 12-15%, depending on the LTV & FICO.

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