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Updated about 5 years ago,

User Stats

16
Posts
6
Votes
Monte Mabry
  • Houston, TX
6
Votes |
16
Posts

Line of Credit for Reserves

Monte Mabry
  • Houston, TX
Posted

Good morning BiggerPockets!

Has anyone secured a line of credit from a bank and used this line of credit as their reserves that are required for more mortgages when acquiring buy/hold rentals?

Did you continue to use Fannie Mae loans once you did secure the line of credit?

If feasible, I am considering using this strategy to more quickly build my portfolio by reducing the time needed to build up capital before acquiring another deal.

Thanks in advance for the feedback!

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