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Has anyone successful obtained an unsecured business line of credit for an interest rate that is closer to single digits? If so, can you share both the financial institution you worked with and how you went about g...
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Hi All. As houses have increased in equity, what are the positives and negativesof getting a credit line in that equity for a next purchase? Aside higher volatile interest rates, what else to be cautious about?
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Has anyone played around with setting up secured credit lines with banks where you secure the credit line with cash for the purpose of building credit. For example setting up a secured credit line of $95-$100k and sec...
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Hello! New to the forums so hope I'm in the right place.. So I currently have 2 properties, one 5 unit, and one 12 unit- These are currently managed but the rate is 17% gross which is killing my returns. I am curious...
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Hello,
This is my first post! I have been reading all of the posts on the board for some time now. My partner and I own a Real Estate company. We are expanding our business from "buying and holding" properties to reh...
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I'd like to purchase other properties using my other homes as collateral... What is the process?
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Does anybody know any banks or lenders that would issue a line of credit against the equity on a portfolio of properties in a commercial loan? We have 15 residential fourplexes that have a substantial amount of equity...
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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...
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This is my first extensively water damaged home that I may purchase. Surprisingly, it has nothing to do with the roof. The roof and attic are the best parts of the house, 0 problems.
Main line, laundry line, kitchen ...
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Hello,
So I have a 3 bedroom, 1.5 bathroom property that when I purchased, I inherited tenants that were using the attic as a fourth bedroom. The city says that the room is not up to fire code to use as a bedroom...