Blanket HELOC for 5 plus properties

2 Replies

@Justin B. this is pretty normal for people with a lot of properties.  It probably NOT normal enough for people to have a bunch of properties though.  But in general the Lines of Credit that extend on multiple properties would want to be in first position and usually lend about 70% of the Value of the portfolio.  Lines of Credit are always adjustable rates so the main strategy is to have a good plan to pay it back.  But that's the general gist of it.  Thanks!

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