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Chris T.
  • Wholesaler
  • Amarillo, TX
75
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Flipping to Buyer Using BOA LOC

Chris T.
  • Wholesaler
  • Amarillo, TX
Posted

I'm flipping a deal to an investor who is using a line of credit from Bank of America.

Should I expect anything different then a normal cash deal?

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

The only risks to having LOC are that the line could be overdrawn, or the line could have been reduced or closed due to lending institution tightening things.

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