Updated almost 3 years ago on . Most recent reply
Im stuck i have a pretty hefty LOC nothing underwrites
The issue is find deals, but i also have to pay my LOC plus new mortgage so the number don't add up i keep going under water on the deals I underwrite. I pay the whole deal cash but i still have to pay like 16k month on interest for the LOC. So it takes my profit from the new building completely. IDK what to do can any one here give me a new strategy. Im looking at deals from 15 unit to 35units in miami. Should i just wait it out.