Rental Portfolio LOC

[Hunter Purnell]

I’m moving down to the Palm Beach County area this Fall. I plan on getting my realtors license and flipping/ investing into properties. I was wondering if there was a way to tap the equity of my entire portfolio that is in KY. Preferably a local bank or credit union in the SE FL area that is friendly to real estate investors. They only allow basically 1 business day for payment at the PBC foreclosure auctions. So I would need quick access to funds. This could expand my purchasing power immensely. Any help or advice would be greatly appreciated. 

[Brandon Croucier]

If your certain you are doing this I would recommend just doing a cash out on your properties, around mid 7's.. having the funds available and put them into a savings account earning 4-5%.. Better than the alternative of having a line of credit at 12%, the 2-3% hit in spread is lower than a 5% increase in cost of capital in my opinion.