Jerry L Watson
Optimal use of $850k line of credit to purchase homes
Does anyone have a proven strategy on how to utilize $850k line of credit to purchase homes that will provide both profit and cash flow within 1 year? This is for a 2-person small real estate acquisitions and investin...
Trent Currie
Using a LOC for acquisition and then refi?
I am interested in using a LOC to acquire some SFRs. All at aggressive LTV and with great DSCRs. After the acquisition I want to refinance and free up the LOC. However I have encountered a number of problems such as t...
Nicholas Caesar
RE Business Reorg: Thoughts & Comments
In the summer of 2019 a partner and I will be investing into and fully managing a family RE business that has been in operation for about 20 years. Some facts about the business are below: Equity: $2.1M in 19 Single ...
Bill Gallagher
New mortgage without DTI consideration
I am looking to purchase a property that will be a STR, but I already own one condo (STR) and a primary (LTR multi family), so I won't be able to with traditional financing because of DTI ratio. Does anyone have alter...
Roseann Koefoed
Line of Credit for rental property - do they still exist?
I'm looking for lenders that would offer a line of credit on rental property. This is for two identical, side-by-side 4-units (8-units total) in far-south Chicagoland that I purchased in 2017. I've got about $550k o...
Jon K.
Line of credit vs a cash out refi
I've been talking to some commercial lenders who are willing to extend a line of credit on investment properties in certain conditions with no restrictions on its use like a HELOC. Up to 70% LTV provided they're the f...
Preston Quinn
Anyone using a guidance line of credit?
Anyone using a guidance line of credit for their acquisitions? I went to my bank yesterday to hash out the details of my most recent brrrr deal, (which went great) and my banker suggested a guidance line of credit whe...
Lee Serel
Real Estate Investor in Manhattan, New York
Hi Guys,I just joined on with M and L Real Property Consultants a small group of Real Estate Investors in New York City. The company only acquires Condo's or apartment building in Manhattan to either flip or hold long...
Dylan Shea
Recommendations for Line of Credit Financing Partner
Hey BP community. I'm looking to get a line of credit to buy and build out an 8-lot subdivision, in SW Florida. The total line would need to be about $4mm. Please let me know if you've worked with any reputable compan...
Chris Teti
Leveraging Unsecured Lines of Credit
Most people know a hard money lender or a commercial bank, but very few know how to acquire Unsecured Lines of Credit to complement those lending sources to 100% finance their deals. And even fewer people know how to ...