Hello I’m a young/new real estate investor looking for a sound investing strategy and how to max out my financing capacity.
Here are a few things about me and my RE investing strategy: I’m a buy, hold, rent out type of investor. The market here allows me to buy rental houses at 50% LTV or lower and fix up a little bit then rent out for a good positive cashflow. I focus on lower income houses and will pay it off in 7-10 years.
My current plan is to buy these house with Hard Money and find banks to refinance later. Hard money is quite expensive but it can work if i find great deals. Now from my understanding of “unsecured line of credit”, it’s much cheaper than Hard Money.
I’m in the process of forming an LLC and with a personal credit of 790+ and some liquid assets, how do i take advantage of my good credit to establish a sizable line of credit to fund my future deals?