Personal line of credit
I'm in a good position for a coming recession, I have job security, savings waiting to use for my next REI purchase, and I'm in the middle of refinancing for a lower 30yr fixed on my duplex. I have excellent credit such that I could apply for a $70k+ personal line of credit. With the likely recession and rapidly changing market, should I do everything possible to accumulate cash while I can, or just sit with what I have? I may or may not use a PLOC, I think I only have 2 years before I'd have to reapply, but if prices drop such that I could have flexibility with more cash, maybe it's worth it? Interest is ridiculously high so it would only help for certain situations. I'm interested in BRRRR, B&H, not flipping. Thoughts?