All Forum Posts by: Aldo Russo

P.J. Bremner - thanks for the information! I guess we need to shift our focus on building leverage primarily. I'm definitely a novice when it comes to real estate investing. Your input is appreciated.

Thanks for your input, @Tom S. Right now, we're just trying to gather as much knowledge as possible. I've gotten a lot of feedback advising to hold on to as much of our capital that we can. Just trying to think outside of the box. 

Hi, all! My business partner and I are looking into using an unsecured LOC to purchase our first buy-and-hold investment property. We don't have a lot of "skin in the game"; however, our FICO scores are above 730 and have a combined annual income of over 175k. We've set up an LLC and plan on using that entity to purchase our rental properties. Currently we're developing a business plan to present to different lenders and would like an experienced input. I've been doing my fair share of research and the general consensus seems to be to go with a bank that is small and local. Does anyone have any experience securing an LOC of 100k? What are some things that would make our situation more attractive to lenders? Thanks!

James Tran - it appears that I am attempting to go the same route you went by using an unsecured LOC to secure investment properties. How did it go for you? Were you successful?