Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

I am looking into getting a SPEC line of credit for 1MM or 1.5MM.

Start with these three key points:Current SituationAssess your current or expected capital and credit within a realistic timeframe.

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?

What Does it Take to Achieve the Dream of Full Time Real Estate Investor?

It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.

Do you sell / buy real estate in Mexico personally? 

We only require a soft credit check as well.