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Updated over 4 years ago on . Most recent reply

User Stats

31
Posts
6
Votes
Danny S.
  • Rental Property Investor
  • Indianapolis, IN
6
Votes |
31
Posts

Unsecured Personal LOC

Danny S.
  • Rental Property Investor
  • Indianapolis, IN
Posted

Hello friends,

Has anyone had success obtaining approval for unsecured personal LOC for property investment purposes (down payment/rehab) in the Indy area? If so, what banks/credit unions have used, rates, terms, etc.? With the current state of the country, I've seen many tighten up their qualifications and was curious if anyone has had success.

Cheers!

Most Popular Reply

User Stats

82
Posts
27
Votes
Rob Krach
  • Lender
  • Chicago, IL
27
Votes |
82
Posts
Rob Krach
  • Lender
  • Chicago, IL
Replied

@Danny S. you have to do some digging but look for ones that offer lines of credit. also there are a bunch that do no fee credit cards. i have a couple of these all ranging from 6 to 8 % with ZERO fees so a cash advance is treated just like a purchase you just have to go to a bank and do a cash advance 100% worth the 15 minutes out of your day.

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