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Updated over 5 years ago on . Most recent reply

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9
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Zach Krietemeyer
  • Evansville, IN
0
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9
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$700,000 line but only 5 units you can purchase

Zach Krietemeyer
  • Evansville, IN
Posted

Hello all

I was wanting to get some more experienced investors advice on this.

I am 27 years old and currently have 11 houses. I have used seller financing, creative financing etc for all of them so far. I’m wanting to really scale out as I want this to be a full time job for me. I spoke with a bank who’s willing to give me a line for $700,000 but I can only buy 5 units with it.

Does anybody have any advice for me on how to scale out and really start gaining more units.

I feel like I could do a lot with 700,000 if it could be used on more than 5 units where I’m at

Or does anyone have any other methods of gaining more units with little money down

Please advise

Thank you

Zach

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