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Updated about 6 years ago on . Most recent reply

User Stats

106
Posts
34
Votes
Jack Yen
  • Rental Property Investor
  • Cary, NC
34
Votes |
106
Posts

line of credit against multiple properties

Jack Yen
  • Rental Property Investor
  • Cary, NC
Posted

Hi BP experts, I'm looking for ways to get a line of credit that could borrow against multiple properties. I have a small portfolio that has accumulated quite a bit equity by paying them down and appreciation over the years and they are all stable asset with good cash flow. I'm wondering if there are ways to get those equities out. I've talked to bigger banks and they could do refinance one by one which takes time and money and inflexible. I'm looking for flexibility. Could anybody help and give me some comments? Thank you.

  • Jack Yen
  • Most Popular Reply

    User Stats

    864
    Posts
    555
    Votes
    Jake S.
    • Rental Property Investor
    • Minnesota
    555
    Votes |
    864
    Posts
    Jake S.
    • Rental Property Investor
    • Minnesota
    Replied

    Hey Jack, I would recommend going to sit down with a bunch of community banks and credit unions. At least SOME of them will be able to structure what you are looking for

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