In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company.

When they’re done in Vegas I see a line item on my PM statement.

But thats me. sometimes you draw a line in the sand and nothing good comes from it.

It's pretty hard to set a line because the same people will just adjust the text to avoid the line, but still be reverse trolling.

I wonder in situations if you received a line of credit from a lender who secured the line against a specific set of assets, and the borrower defaulted - would that agreement give the lender the ability to liquidate those assets?

Just drop me a line or call me.

However, if you do plan on getting a HELOC, you might also want to get a line before moving out since rates are lower and CLTV is a lot higher for primary helocs!

The process is to leverage from a line of credit (LOC) -> invest -> put own capital towards LOC payoff while receiving amortization payments back.

I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing. 

Does anyone utilize a line of credit as an emergency fund?