Business Line of Credit

[Juan Ayala]

I'm looking to get a business LOC and would like to know what people think about transferring the deed to a property into the business; would this be beneficial to the LOC approval?

[Robin Evans]

Quote from @Gabriel Gibson:

What business lines of credit do you typically like for an real estate investment LLC with Excellent personal credit?

I don't quite follow your question. If you are asking how much we can get, here is what Abbey Credit Union offers: They use 80% of the appraised value of our rental properties and then subtract loan balance, the number is what we can get for the limit of the business line of credit. It does have a 1% origination fee based on the limit we are approved for, an appraisal fee (about $ 50 for each property, not like a real appraisal for selling properties) and some other fees. We can pay fees at closing or put it in the line and make payments on it. The rate is prime rate+1%. We can just pay interest only for the minimum payment. It sounds like a hard-money loan but more flexible. You only make payments on the amount you pull out. It would be great to flip houses: pull money for the rehab, make payments on interest only, sell the house (hopefully make some money) and then pay it off, then do it all over again. 
@Austin Fowler Please see my reply above. Hope it helps. And we are just reading Raising Private Capital by Matt Faircloth and the business LOC can be called BELOC.