Obtain unsecured Line of Credit for Buy and Hold / Flips

[Dave S.]

Has anyone approached a bank / financial institution to propose opening an UNSECURED line of credit solely for use to buy, rehab and either hold or flip? If so how did the presentation go, what was covered, what were the stumbling blocks and what was the key points that closed the deal?...Also how much did you go in for (obviously going in with a rock solid presentation and asking for $1M will have a different result if you went in with the same solid presentation and asked for $10K).

Please also share what banks you presented to, which were "kicking you out the door", ones that were on the fence, and the one(s) that accepted your offer

Looking forward to hearing peoples experiences!!!