Does Anyone Just Keep a Line of Credit Ready for the Next Deal?

[Ali Kalaei]

I’ve always thought of financing as something you figure out once you actually find the property. But if you’re buying pretty regularly, wouldn’t it be easier to already have a decent line of credit sitting there ready to go?
No scrambling for a lender, sending everything over again, or wondering if you can close fast enough. Obviously you’re paying for that convenience somehow, so I’m curious if people actually do this long-term. For anyone doing multiple deals a year, do you keep financing ready in advance or still get a new loan for every property?

[Jay Hinrichs]

I have a true unsecured high six figure line and I use it all the time.