K. Mitchell
Revolving credit fire SFRs
I am wanting some feedback about using a revolving credit line to buy SFRs. Here is the context: I own a few houses outright and have others with mortgages. I use a local bank for my mortgages. They are willing to ...
Jesse Soriano
Revolving balances too high?
This is a new one too me I just paid off over 40k in debt. Most of it was line of credit debt that I had. All of my lines of credit where all used up at 100%. I decided to pay everything down to 0% line of credit and ...
Sammie Xiao
Revolving Line of Credit
Merry Christmas BP family. Anybody use revolving line of credit for flips?I got an offer for a line of credit 5 million. Term is 18 month, interests rate one month libor plus 7.25%. 75% LTV.Legal/ documentation fee ...
Hiron Fernando
Revolving lines of credit (RLOC)
I currently have 4 properties that I own free and clear. I would like to leverage these properties to be able to get a RLOC. The bank would get the first lien position to secure the real estate as collateral. I am in ...
Rich Bultema
"Revolving credit balance too high"
My credit is being affected by, among other things, "revolving credit balance too high"it appears they like to see less than 30 percent utilization but does anyone know how that is handled with more than one credit li...
Peter Halliday
Anyone purchase from Revolve Capital Group?
I haven't bid on a lot of their notes, but every counter they have given has exceeded UPB. Has anyone bought from them? They paint a picture like they regularly get bids above UPB. That puzzles me why someone woul...
Malik Welch
Doing multiple rehabs with revolving debt
Hey BP I have a scenario question for any rehabbers or Accountants.If I have a private lender lend me 100,000 for a year at 12% APR for me to use the money as many times as I'd like through out the 12 month period do...
Zach Sikes
Revolving Line of Credit (LOC) in OKC area
I'm in the process of interviewing different lenders for my rental purchases this year. I'm looking for additional lenders to meet with that will do a revolving line of credit, so that I can purchase, rehab, place a ...
Kathy Brasby
Month to month leases plus revolving tenants-advice?
We manage several rental units in our small town and were approached by our local meat packing plant a few months ago with an interesting proposal. They recruit legal immigrants to work in their plant and provide them...
Scott Walther
Anyone that can provide a REVOLVING credit line, not HELOC
Spoke to a couple brokers on here that can provide them but are more in the 1 million plus mark. As our properties, on average, with purchase and flip come out to around 100k. So we are not looking for something that ...