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re: Information for my fellow Real Estate Investors
Posted on 4/11/17 at 1:15 pm to stevengtiger
Posted on 4/11/17 at 1:15 pm to stevengtiger
I appreciate it man. You're way ahead of me, but I look forward to getting to this point.
Just to clarify, you are paying cash for these homes with the LOC?
You are not using the LOC for down payments on loans?
Just to clarify, you are paying cash for these homes with the LOC?
You are not using the LOC for down payments on loans?
Posted on 4/11/17 at 1:17 pm to thatguy777
quote:
You're way ahead of me, but I look forward to getting to this point.
It is addicting once you get going and a great way to invest money for both long term and short term gains.
quote:
Just to clarify, you are paying cash for these homes with the LOC?
Correct. On flips, we use the LOC to buy/rehab the home. When sold, pay back the LOC and keep the profits. On rental prospects, buy/rehab the home with the LOC and after 60 days, roll into a more fixed product (mortgage).
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