$700,000 line but only 5 units you can purchase
Hello all
I was wanting to get some more experienced investors advice on this.
I am 27 years old and currently have 11 houses. I have used seller financing, creative financing etc for all of them so far. I’m wanting to really scale out as I want this to be a full time job for me. I spoke with a bank who’s willing to give me a line for $700,000 but I can only buy 5 units with it.
Does anybody have any advice for me on how to scale out and really start gaining more units.
I feel like I could do a lot with 700,000 if it could be used on more than 5 units where I’m at
Or does anyone have any other methods of gaining more units with little money down
Please advise
Thank you
Zach