How does my LOC stack up to others?

[Justin Glass]

Hey guys just wanting to throw out what my numbers are and let some of you analyze this to see if I am getting a good deal or I should negotiate with my bank for better. First off I'm not sure what all I have tied to this line of credit because I have quite a few assets, but that's not really my question (assets vs amount they loan me). I have a $1M line of credit at 5%. It is a 10 year ammo with interest and principal due annually. Never in 5 years have I had to make a down payment, it is 100% financed. I use this LOC for flipping properties, most properties are sold within six months. I only use it for the mortgage and pay improvements in cash. What do you guys think about the terms? Am I getting good financing or is there something better for me?