Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago,

User Stats

8
Posts
2
Votes
Mike Farr
  • Sacramento, CA
2
Votes |
8
Posts

HELOC or Business line of credit

Mike Farr
  • Sacramento, CA
Posted

I am new to the investment game although i have listened, studied and taking courses for years. I have a fully paid off property in an LLC (open to quickclaim deed for the loan) that I am trying to use the equity to BRRRR and begin investing. I have talked to and applied with a few lenders but havent had much luck. My income is a bit low but my business partner does have a solid income. Both of our credit is well into the 700s and the property estimated value is 900k plus. Is there something i am missing?
To be honest (as a business owner myself) I have been surprised by the professionalism and communication skills of these lenders. 
Are there any lenders or CU you all suggest to get this done a bit smoother? 

Loading replies...