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Updated almost 8 years ago on . Most recent reply

User Stats

8
Posts
5
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Pat Tyman
  • Investor
  • Enfield, CT
5
Votes |
8
Posts

Looking to grow asap

Pat Tyman
  • Investor
  • Enfield, CT
Posted
Check out my profile. I have 17 units in Ct and looking to expand. I have a lot of equity and want to find ways to incorporate my equity into future deals. Sick and tired of saving all year eating rice and beans to buy properties lol.

Most Popular Reply

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5,752
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3,860
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Michael Noto
  • Real Estate Agent
  • Southington, CT
3,860
Votes |
5,752
Posts
Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Pat Tyman Always great seeing other active investors from Connecticut here on the forums!

Are the loans on your current investment properties all with one bank? If so, there may be a way for a bank to get creative and group the equity in the different properties together and give you some sort of HELOC? Or if you have a good track record maybe you can get a business line of credit using the properties as collateral?

Let's not bury the lead here though, good job on getting to the point where you will have options available to you from a financing perspective. That equity you have will attract a lender, it is just a matter of finding one who is open minded enough to get a little creative. 

  • Michael Noto

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