I've heard about a LOC a few different times that gives you 5x your liquid cash and/or assets.For example if someone had $100k in their savings account they would have $500k purchase power.Does anyone know anything about this loan program or have more details on it?

Hello - A property I've had my eye on for a while just came on market in my area, it's bank owned.

So far, the numbers look pretty good, however, I will be contacting the listing agent to get more details.

When I'm down breaking down the numbers, I'd like to share it here for a second set of eyes.

Here is one of my deals: https://www.realtor.com/realestateandhomes-detail/...Purchase Price (Offer): $229,000Rehab Estimate: $40,000Closing: $3,000Annual Costs:Taxes: $3,000Insurance: $1,200Maintenance: $1,000Monthly Rent: $3,000 ($750/per room)Vacancy: 5%, CapEx: 5%See image for details as well.

Any leads to this procedure or details i can start with will be appreciated.best,T

I'm sure I've left out some details so please let me know else is missing from consideration!

PM me for details.

It'll increase your credibility in their eyes. 

My exterminator now does quarterly sprays and knows to keep an eye out and I will charge back tenants if they come back.