Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Nathan Fraser
  • Rental Property Investor
  • Post Falls, ID
6
Votes |
21
Posts

leveraging bank lending

Nathan Fraser
  • Rental Property Investor
  • Post Falls, ID
Posted

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

Loading replies...