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Updated over 6 years ago on . Most recent reply

Frank Capaldi's profile image
Frank Capaldi's profile image
Frank Capaldi
  • Flipper/Rehabber
  • from Cranston, RI
  • Member since May 11, 2018
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18
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1
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Frank Capaldi's profile image
Frank Capaldi's profile image
Frank Capaldi
  • Flipper/Rehabber
  • from Cranston, RI
  • Member since May 11, 2018
Connect
Frank Capaldi
  • Flipper/Rehabber
  • Cranston, RI
1
Votes |
18
Posts
Mortgage Brokers & Lenders

Line of credit on a cash purchase

Frank Capaldi
  • Flipper/Rehabber
  • Cranston, RI
Posted

Is there a certain time frame to apply for a line of credit on a home that you paid cash for?  I am trying to figure out a good strategy.  Ideally, I would want to buy a home cash, fix it up if needed and then open a line of credit to get my cash back and have the rents pay for the line like a mortgage.  Any info on or recommendations for this strategy please reply!!! Thanks!

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