Line of Credit for Reserves
Good morning BiggerPockets!
Has anyone secured a line of credit from a bank and used this line of credit as their reserves that are required for more mortgages when acquiring buy/hold rentals?
Did you continue to use Fannie Mae loans once you did secure the line of credit?
If feasible, I am considering using this strategy to more quickly build my portfolio by reducing the time needed to build up capital before acquiring another deal.
Thanks in advance for the feedback!