Flipper/Rehabber · San Diego, CA · Member since 2020 · 26 posts · 9 votes
My goal is to get more lines of credit to one day use for my property expenses and let my cash flow pay of the debt. Eventually potentially use to invest in more real estate. Any other recommendations would be great.
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
3y
Honestly, you will get a much bigger payback by focusing on your real estate itself, finding good deals, running your properties correctly, and selling when the opportunity is right.
Early in my investing career I bought a cheap program on how to build lines of credit by creating an LLC and running business transactions through it. After several years, the amount I could borrow was a pittance compared to cash my real estate was kicking off.
Rental Property Investor · SE Michigan · Member since 2014 · 4k+ posts · 6k+ votes
3y
Honestly, you will get a much bigger payback by focusing on your real estate itself, finding good deals, running your properties correctly, and selling when the opportunity is right.
Early in my investing career I bought a cheap program on how to build lines of credit by creating an LLC and running business transactions through it. After several years, the amount I could borrow was a pittance compared to cash my real estate was kicking off.
Investor · Worcester, MA · Member since 2020 · 1k+ posts · 1k+ votes
3y
@Manuel Moreno Jr - I utilized home lines of credit (HELOCs) to buy cash flowing multifamily. But why would you pay down debt that you're borrowing at 2-6% when you can arbitrage those funds into assets that kick off a 8-12% return? That has been my strategy, arbitraging lines of credit into higher returning assets. Essentially, the same thing hedge funds do.