Updated almost 7 years ago on . Most recent reply
Acquisition line of credit
hello BP, its been a while since I've made a post. Cant imagine what i would do without all the great advice and information from here! thanks everyone! with that said
So, Im looking to close on my 4th duplex in October/ November and Im starting to run out of liquid cash funds for down payments etc. Does anyone know a lender who will approve a credit line for acquisition costs for positive cash flowing realestate?
thanks everyone!
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
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- Washington, DC Mortgage Lender/Broker
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Mike,
The LOC is still out there. Pretty document heavy in the beginning, but they work really well for purchases down the road.
Stephanie



