Portfolio or property LOCsIf you own stabilized rentals, a revolving line of credit creates flexible “dry powder” between refis.The big picture: your equity is still working for you — you just need parallel capital sources so opportunities don’t slip by while you wait for seasoning or appraisal timelines.

But the margins disappear fast when you don’t have reserves, timelines slip, contractors change their number, or the deal hits one unexpected problem.

You are probably right but I worry that with a significant injury- MVA, fire or heck now a days someone slipping on a banana peel that could result in a multimillion dollar lawsuit especially more likely if they know you are in a high income profession or own RE.

I do tend to get tunnel vision, so I will be sure not to be too focused trying to find the perfect deal that I let other real deals slip through my fingers. 

Put the deal in an LLC with a written operating agreement that gives you decision rights, requires cost-plus, fixed-fee GC terms with milestone draws, and includes a clawback if budgets or timelines slip.

He would slip out of work early to make cold calls to landlords all over the country.  

We’re looking at a marina in CT that’s a little defunct, about 40% occupancy on ~80 slips.

On capital, line up two lanes in advance private money or HELOC for speed, bank loan for cost and use the fast lane only if margins still work after a vacancy, overage, and timeline slip.

Take time to slip a nice cool lemonade or learn some of the things you need to know? 

The key is making sure rehab timelines and appraisals don’t slip, since every month you hold that bridge debt eats into profits.The bridge to a DSCR path has been a solid combo for a lot of investors I work with here in California.