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Updated about 6 years ago on . Most recent reply

User Stats

74
Posts
18
Votes
Jr Trotta
  • Rental Property Investor
  • New York, NY
18
Votes |
74
Posts

Purchase properties with Credit/Loans ?

Jr Trotta
  • Rental Property Investor
  • New York, NY
Posted

Hello BP!

Right now I am currently investing in Pennsylvania. I have about 100k liquid cash and purchases 2 properties. Both ran me 87k cost and construction so until I cash out REFI my money is stuck. Im looking to rapidly buy more properties, my question is how can I clear up more capital? (Aside from borrowing from family/friends). I'm looking to heavily invest and utilize the BRRRR Strategy. Anything will help!

Does anyone have an open loan from a bank to use over and over?

If so, I have a 750 credit score and make over 150k per year with no personal mortgages. What do you think I could be approved for? 50k, 75k...100k. Looking for some insight.

Thank you!

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