Kyle Howard
Using Business Credit
Has anyone used Business lines of credit to purchase any of their rentals? If so please share your experiences with doing so, and what would you do differently?
Peter Bras
What is the best way to free up equity?
Good Evening Everyone. I have a property (SFH) worth approx. 190K and I currently owe 125K. What is the least expensive/best way to free up some of this equity to use on other properties? If HELOC is the answer, do...
Nathan Frost
Business Line of Credit
Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
Brian Gerace
Pay down Mortgage on Rental
I have a rental with significant equity. Have idle funds that I am debating using to pay off the mortgage on the rental property. Any thoughts on the pros and cons. Property cash flows as is.
Sean Wilt
HELOC out of STVR Property
Hello,I have 2 full time STVR Properties that have substantial home equity ($400k each). I am looking to be more active in real estate investing primarily in shorter term fix and flips. I spoke to my banker today an...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...
Steven Brooks
Starting LLC for Real Estate Investing
Hey guys so I’ve been reading about starting my own LLC to get to a point where I can open a Business Line of Credit to help fund my BRRRR Investing. I connected with someone who is a credit builder and said he could ...
Bethany Peysen
Pre Approval Letter as an Investor
We are new to REI, but recently received a 600k guidance line of credit through a bank here in Texas to purchase properties to in turn rent out. We have 2 so far, purchased 1 cash, and are currently working on a short...
Account Closed
How to fund down payments/closing costs
Hi everyone,I’m looking for advice on how fund downpayment/ closing costs for rental properties to maximize the amount of units I can buy per year.Should I save the cash, use personal credit of line, home equity ( I o...
Suchi Desai
Credit cards for rehab projects
Hello everyone,I am ready to get started on doing the BRRRR strategy on a single family house in Phoenix in 2 weeks. Please give me suggestions for the best way to cover rehab costs (finance, credits cards? which one?...