Is it realistic to think a person with great credit and a decent paycheck to get a large ($150,000+) credit line to purchace properties with? Just a thought.
Definatly...i've seen $150,000 unsecured credit lines to people who have above a 680 credit score! You can get more if you pledge other assets. It is all possible! Search the net and talk to brokers and they may be able to help.
I will make it three part harmony. Having access to cash or credit works very well for acquisition. I recently got a foreclosure using a HELOC (Home Equity Line Of Credit) to purchase with all cash. I also am acquiring a Bank REO (Real Estate Owned) with cash or line of credit.
Good luck,
Ed
Definatly...i've seen $150,000 unsecured credit lines to people who have above a 680 credit score! You can get more if you pledge other assets. It is all possible! Search the net and talk to brokers and they may be able to help.
Good luck!
I will make it three part harmony. Having access to cash or credit works very well for acquisition. I recently got a foreclosure using a HELOC (Home Equity Line Of Credit) to purchase with all cash. I also am acquiring a Bank REO (Real Estate Owned) with cash or line of credit.
Good luck,
Ed
Thank you so much for the advice and encouragement.