Hi Everyone,I just started working with a broker, and she's given me access to properties in her portal. I told her that would start off wholesaling, but she didn't know what that was. I did my best to explain to her ...
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Hi BP,I've been curious as to opening a line of credit for my fix and flip business and wanted to know what is the best way to go about getting one. This would be a personal line of credit as the business LLC is not y...
Hello, I’m 20 years old and have good to excellent credit. I’m looking to get into real estate investing by utilizing my own credit to wholesale properties in hometown and find buyers. Please give any advice or sugges...
We are looking to use our line of credit for our down payment (while obtaining financing) and keep our cash in the bank. Do we have to transfer our money from the line of credit into our bank account to "season" as I...
Hello,
Does anyone know of a bank that will provide a line of credit based on the equity in a rental property in CA? TD bank does so but only on the east coast. Would appreciate any input. Thanks.
Does anyone utilize a line of credit as an emergency fund?
Hi, I was hesitant about writing this but want anyone out there that can help. Please give me any tips or advice. I rather sleep peacefully at night. I could use the criticism and just want to not worry every month...
Hey BiggerPockets family!
My wife and I (mid-40s) are motivated W2 earners with a rental property under our belts, eager to expand our real estate portfolio and create significant passive income. We've set ambitious ...
10 months ago I was driving up and down every road in this new town of Iron Mountain MI trying to get a feel for the quality of the neighborhoods and characteristics of the market. I still had a few weeks of college l...