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Updated over 5 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Nathan Fraser
  • Rental Property Investor
  • Post Falls, ID
6
Votes |
21
Posts

leveraging bank lending

Nathan Fraser
  • Rental Property Investor
  • Post Falls, ID
Posted

Hey BP community

So I am ready to start taking my first steps toward my portfolio. I was advised by a lender that I should go out and get personal lines of credit or personal loans to leverage as downs and/or rehab funds. I know that I have good credit and I have called around the banks in my area to see/know my options. When it comes to BRRRR and flipping, is this a wise move to borrow all of the funds for a deal? I'm trying to wrap my head around how I would pay back the hard money/private money and the banks and come out with any equity after doing the deal.

Thanks

Nate Fraser

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