leveraging bank lending
Hey BP community
So I am ready to start taking my first steps toward my portfolio. I was advised by a lender that I should go out and get personal lines of credit or personal loans to leverage as downs and/or rehab funds. I know that I have good credit and I have called around the banks in my area to see/know my options. When it comes to BRRRR and flipping, is this a wise move to borrow all of the funds for a deal? I'm trying to wrap my head around how I would pay back the hard money/private money and the banks and come out with any equity after doing the deal.
Thanks
Nate Fraser