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Adam Craig
  • Investor
  • Cleveland, OH
128
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603
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Lines of credit

Adam Craig
  • Investor
  • Cleveland, OH
Posted Feb 13 2016, 18:51

I am trying to find more lines of credit - I buy most of my rentals properties for cash, rehab them, then refinance so when I have multiple jobs going at once money can get tight, especially around tax payment time :)

I have a 50K line for my internet business with CHASE.

I also have a 40K HELOC on my personal residence.

For someone with excellent credit, 200K+ NET, and 14 renal properties with about 500K equity.... Where would be the best place to get additional lines of credit.

I tried applying for a 75K Wells Fargo personal unsecured line of credit but got denied - I thought I would be a good candidate. Waiting for my letter to find out why. 

Any ideas before I start racking up applications on my credit report are appreciated.

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