Line of Credit and WholeSale Lender

[Thu Trinh]

Hi, I just met with Networth Realty here in Austin and am trying to find out how to make it work, when a good multiplex deal comes up. It seems like they do a lot of hard money lending themselves on the deals they offer their clients. They offer a 212 Loan, with a high interest rate (~14%) over 6-12 months.  What are your experiences with wholesaler companies and the ease in transition from the hard money lender to refinancing? 

Instead of borrowing through Networth, can I take out private loans to pay for the rehabbing, then refinance? Is there a seasoning period for refinancing? 

I'll be a first time home-owner, with credit score above 780. Stable job. What is the credit hit each time I refinance?

Also, they mentioned getting line of credit. Would I be able to take out $100k+ for lines of credit? I don't have a good idea of the multiplex (duplex- 4 unit) market here in Austin, so I'm looking for an estimate of what a good run-down property will cost, if anyone has experience. There's not much on the marketplace for it. Sorry for all the questions, I'm trying to go through the forums to put the puzzle together, but I need some help. Thank you all!