Real estate line of credit
My family has 28 SFR that are debt free. I'm wanting to bundle 6, 7, 8.....in order to secure a line of credit. I spoke with Bank of America and have a call to a local Credit Union, but wanted to ask on here if anybody new what was available.
I really didnt think it would be that difficult to get a $500,000 line of credit secured by 8-10 investment properties, but either I don't know the language to use or I'm not speaking to the right people.
Any guidance would be appreciated.
Thanks.
Most Popular Reply
local banks are your best bet for LOC on rental property. I am doing the same in KC area with local bank - get the equity working!!