Financing My Real Estate company

[Donovan Warren]

I have already completed a few rehab deals with Great margins. I want to leverage the profit from these deals to secure more funding in the form of a business loan or line of credit. What is the best way to go?

[Andrew Syrios]

As far as loans go, I have found by far the most success with local banks as the big lenders just aren't interested in lending to relatively small investors like you and me. But that's just on loans on properties. As far as lines of credit, those seem to be the easiest to get from the bank you do business with and have your deposit accounts with. If your current bank won't offer you one, try shopping around to see if one would be open to it. They likely won't do it right off the bat, but your deposit account is worth something to a bank and they should compete for it. 

[Joe Gigliello]

Donovan

What do you plan to use the line of credit for?  Are you looking for secured or unsecured?

Joe

[Don Enrique]

Hello Donovan

Have looked into corp. credit. From what I've read it seems like the best way to go. Just make sure that most of the credit is for cash, thought credit from firms like Home depot and vendors as such are good as well.

Also from my reading its easer to get vendors of say carpet. paint companies to offer financing for there products.

It appears with the ability to pay for credit references to build up your credit profile, you should be better off qualifying for credit lines at banks.

We mostly look for cash credit to buy property and to spend for re-hab materials. Why not get the vendors to finance the cost.  Rate are better and some time you can get a discounht if paid weithin x days. My .02 cents. Good luck.

Don Enrique