It might also be worth looking into establishing a line of credit for future flips, so you have quick access to funds without needing to rely on third-party lenders all the time.If you're interested in exploring more financing options or ways to streamline future projects, feel free to reach out.Best,Drago

Hi community, I have a rental unit that I own outright and would like to do a line of credit against but I cant seem to find lenders in texas that do LOC on investments. 

It’s a straightforward way to access the funds, though keep in mind that interest rates may be higher since it’s a rental.Alternatively, you can consider a HELOC (Home Equity Line of Credit), which gives you flexibility by letting you borrow against the equity as needed, similar to a line of credit.

@Greg Moore Can you snort a line of coke through a bitcoin yet?

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

If you get a line of credit on your primary residence, the new purchase must have enough cash flow to pay its own loan and the line of credit.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

We drew a line in the sand and wouldn't deal with folks like this but the reviews took a beating.

Than have a line for rated life expectancy.

There is a line at the very top for 'improvements'.