Make sure they have great credit so you know you can go after them for damages.

My partner and I have an investor that has a line of credit on his house.

All credit is due to what ive learned here, from you guys!

I am wondering if something similar exists for a commercial property as well.All thoughts and suggestions welcome.Thanks,Piku Yes, it’s just called Just the line of credit. 

I only have fair credit, 700, how can I get a loan to buy my first property, when of course, I find it? 

I have excellent credit, zero debt, and a decent amount of cash in the bank.

Anyone know a good lender can do line of credit on rental properties with 75% of house value ?

Can anybody recommend a bank, credit union, or financing that will work with a 2nd?

Needless to say, I messed a lot of things up.Some things I know for next time:-make sure to include security deposits credit and prorated rent credit in the purchase contract-make sure to keep all addendums that may be needed saved on computer for quick access-get all the necessary documentation for rehab funding from the contractor before going into contract on the property (my lender needed his insurance, workers comp, experience, etc. and I was not able to get rehab funded in the loan because the contractor would not send this to me and it was too late for me to find another contractor)-check that title has gotten the documents correct before they are sent over to the seller-take pictures of the house during the walkthrough for insurance purposes-check for flood zone early on -give yourself a realistic timeline for closing-check reviews on title company before choosing oneDoes anyone else have any recommendations? 

I can handle multiple vacancies and multiple major repairs all at once without touching my regular income, credit cards, or savings.Your reserve may also take into consideration your personal finances.