Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

16
Posts
3
Votes
NA NA
  • Rental Property Investor
  • Indianapolis, IN
3
Votes |
16
Posts

Real estate Career slow down

NA NA
  • Rental Property Investor
  • Indianapolis, IN
Posted

I want to buy my second property but my career has slowed down because I'm still trying to get the first property to perform. It's a four family in the saint Louis area. It needs work, long story short I had to evict everyone for non payment (pre covid) and ran out of money for renovations. So I'm slowly renovating little by little. It's coming along but I want to speed things up. I got a line of credit but it's not enough, I need more money but I don't want a loan, I'd rather have the line of credit. I have a great credit score but I don't know where I can get a line for credit for 20k. Any ideas?

Most Popular Reply

User Stats

2,985
Posts
2,456
Votes
Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,456
Votes |
2,985
Posts
Nicole Heasley Beitenman#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

Is it still vacant? It sounds like the property is still habitable. Fill 3 of the units. Rehab the 4th. When it's complete, lease it at the new market value, which should be higher thanks to the rehab. Wait for another tenant to move out, wash, rinse, and repeat.

Loading replies...