All Forum Posts by: Donald Anthony

I am looking to take out a line of credit on a property valued at $140,000. I owe less than $80,000 and should be able to obtain a HELOC for just around $40,000. The issue is that I have been working for a private real estate investor being paid in cash and have no legitimate proof of income. Therefore the bank would not grant me the line of credit as they see no way for me to pay it off despite never missing a payment or having a late payment on the property.

I'm now searching for any and all options to somehow make this loan possible. Any feedback is greatly appreciated!

My name is Donald Ernst and Im a student in Pensacola, Florida looking to get involved in real estate. I am new to bigger pockets and new to the world of RE investing, however, I've done my due diligence to learn as much as I can by reading as much literature as possible and following along with the bigger pockets podcasts. I am now looking for assistance in moving forward. I'm willing to volunteer for any local investors just to gain hands on knowledge in this business. Please contact me by phone or email at (954)856-9906 or [email protected]