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5 Differences Between a HELOC and a Bank Line of Credit
Categories: Blog Posts
HELOC and a bank line of credit… which is better for your investments? So what’s the difference between a true bank line of credit for your business and a HELOC? Let’s go over 5 key differences you should know. 1. Qualifying for a HELOC or Bank Line of Credit Typically with a bank line of […]
The Secret Method to Compete with Cash Buyers
Categories: Blog Posts
Setting up this simple funding source helps you compete with cash buyers in your market. Cash buyers always swoop up the best deals. Why? Wholesalers and realtors contact them first because they know they’ll get a fast, simple close with these people. How can you even begin to compete with cash buyers in the real […]
The Best Lines of Credit for Real Estate Investing
Categories: Blog Posts
You use lines of credit for real estate investing. But which are the right ones? There are two types of lines of credit you can look at as a real estate investor: bank lines of credit vs HELOCs. A HELOC (home equity line of credit) can go on each unit you own. This goes for your owner-occupied […]
Fix and Flip Loan Costs: Reserves Requirements
Categories: Blog Posts
There are a few key fix and flip loan costs: here’s a brief breakdown. In addition to understanding LTVs and down payment amounts, there’s another important cost to know about for fix and flip loans: reserves. Reserves Requirements Reserves are the other amounts of money a fix and flip lender might require you to have. […]
Line of Credit vs HELOC: Which Do You Need?
Categories: Blog Posts
These funds can supercharge your real estate investments, but which is better: a bank line of credit vs HELOC? Lines of credit are one of the most powerful tools a real estate investor could keep in their toolbelt – whether a bank line of credit or home equity line of credit. Let’s go over why […]