Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Market Trends & Data
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 1 year ago on . Most recent reply

User Stats

20
Posts
4
Votes
Dan Ruzicka
  • Investor
  • La Quinta, CA
4
Votes |
20
Posts

Business Line of Credit? Real Estate is typically a NO GO

Dan Ruzicka
  • Investor
  • La Quinta, CA
Posted

Anyone aware and do business with banks that extend Business Lines of Credit for Real Estate. Longtime LLC, High 7s Fico, Can show 6 figure balances and Super Track. I have heard Real Estate, Cannabis and Constuction are No GOs.

Most Popular Reply

User Stats

3,904
Posts
3,910
Votes
Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
3,910
Votes |
3,904
Posts
Henry Clark
#1 Commercial Real Estate Investing Contributor
  • Developer
Replied

Not sure your question. Pull your personal financials together.  Show them your past business experience.   

Have three banks.  Have three lines of credit.  The key is to keep doing business within and not jump around.  I would have just one bank but situations ended up with three.   Now back to two.  

  • Henry Clark
  • Loading replies...