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Updated almost 7 years ago on . Most recent reply

KC Zhang's profile image
KC Zhang's profile image
KC Zhang
  • Flipper
  • from Elmhurst, Illinois
  • Member since Nov 28, 2011
Connect

User Stats

96
Posts
23
Votes
KC Zhang's profile image
KC Zhang's profile image
KC Zhang
  • Flipper
  • from Elmhurst, Illinois
  • Member since Nov 28, 2011
Connect
KC Zhang
  • Flipper
  • Elmhurst, IL
23
Votes |
96
Posts
Illinois Real Estate Q&A Discussion Forum

Commercial/Business Line of Credit

KC Zhang
  • Flipper
  • Elmhurst, IL
Posted

I'm looking for information on how to get line of credit to purchase rental properties. My plan is to use line of credit for purchase, use my own money rehab, lease it out and refinance use conventional mortgage. I tried one of big banks, but they require $100k annual revenue. Next I will try small local banks in my area. Would love to hear your experience. 

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