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Updated over 2 years ago on . Most recent reply

Lines of credit question
Hey everyone!
I recently been looking at other lines of credit options to buy more real estate. I am having a hard time with securing a HELOC, because I don't have enough paid down on my current home. Is there other lines of credit I can explore? I have an LLC that I have my rental income going to. That was recently started last month. I currently rent rooms out in my primary. I am not cash positive, but it has brought my cost down to about 300 a month.
Most Popular Reply

@Everett Morris contact your bank and also smaller credit unions and bank in your area and ask for a personal LOC ...rate will be high if you qualify and you likely will need to pull funds out and deposit to your account and let season for 2-3 months before you can buy another property