All Forum Posts by: Ryan Keenan

I cant use the search option here? What's wrong?

@Barbee T. So I took out 2 personal unsecured lines of credit. One was wells Fargo 40k and another local bank 25k. I guess my question is , there some type of commercial line of credit that can be obtained for more money to scale faster? That would allow me to buy 2 or 3 properties at a time and then refinance them into a comercial loan to get a lower rate?

I was wondering how hard is to get a unsecured commercial loc compared to getting a personal loc ? Do I need to have a llc established?

@Ethan Mastrodonato Have you ever thought about using a unsecured line of credit from the bank to buy or possibly tapping into a 401k? Doing this now

@Jay Hinrichs How do you use a unsecured loc to secure a secured loc? Or am I just reading it wrong? Thanks!

@Bill Goodland Thanks Bill!

@Bill Goodland When applying for a commercial LOC , are they going to care that I'm using the money to buy realestate?

@Bill Goodland Thank you bill ! I understand it now!

Hey BP, I listened to podcast 327 a few times and trying to figure out what David Greene was talking about when he said he got a commercial line of credit for 500k and then bought a few houses, rehabbed them until the line was used up. Once the line was used up he refinanced them into one commercial loan and then restarted the process once the line was paid back? Do I understand it correctly? How do you get a 500k line of credit? Once you have one or two houses on the line you probably are not cash flowing yet because you are paying higher rates? Thanks for the help! Ryan

@Tiffany Roberts If I could move the dining room light more centered to the dining room table.