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Updated over 6 years ago on . Most recent reply

Thomas Jaeger's profile image
Thomas Jaeger's profile image
Thomas Jaeger
  • Rental Property Investor
  • Member since Sep 11, 2018
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Thomas Jaeger's profile image
Thomas Jaeger's profile image
Thomas Jaeger
  • Rental Property Investor
  • Member since Sep 11, 2018
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Thomas Jaeger
  • Rental Property Investor
0
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4
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Creative Real Estate Financing

Lines of Credit on Rental Properties

Thomas Jaeger
  • Rental Property Investor
Posted
What are typically the best places to open a Line of Credit on a home? In my particular case it is a Rental Property that i own.
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Mike Dorneman's profile image
Mike Dorneman's profile image
Mike Dorneman
  • Rental Property Investor
  • from Drums, PA
  • Member since Oct 5, 2017
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Mike Dorneman's profile image
Mike Dorneman's profile image
Mike Dorneman
  • Rental Property Investor
  • from Drums, PA
  • Member since Oct 5, 2017
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Mike Dorneman
  • Rental Property Investor
  • Drums, PA
365
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Mike Dorneman
  • Rental Property Investor
  • Drums, PA
Replied
@Thomas Jaeger I Perfer to open a commercial LOC on my rentals. This way, the bank lends on the rental income “business value”, Vs simply the appraised value of the home.
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