All Forum Posts by: Web A.

@Syed H.

The bigger banks required seasoning for your BLOC?

@Dominique Palmer

Which bank was this? Was it a community bank?

@Jingwen Dunford

Hey! What is your experience with using them?

@Luke Bonus

Awesome. I wish you good luck in finalizing the paperwork so you can go after finding a great deal. Keep me posted on how it turns out!

@Luke Bonus

Yes. My intentions are to purchase, rehab, and refinance out cash.

Is your business seasoned? How much are you able to access? I ask because my business is not seasoned so I assume the terms would be more in favor for a seasoned business with a LOC. What are your thoughts.

@Richard Jahnle

Thank you for responding. I went and received a personal line of credit from Wells Fargo for $15,000 a year ago at 10.25% and want to tap into more capital. Do you know if there is a limit on the number of personal lines your able to open with different institutions.

@Seth Williams

You provided great thoughts on this topic thank you. To answer your question, I want to leverage LOC, whether it's business or personal LOC, in order to put down on the purchase price and average repair costs.

Hey BP.

I’m in the Northern New Jersey area trying to find the best ways to fund deals through either personal or business lines of credit. Has anyone had luck finding a company or institution that provides these funding tools with great terms?

@Christopher Blanco Thank you!

@Lauren C. This is super helpful! Thank you Lauren!