Unlock Your Real Estate Future: Which Stage Are You Truly Playing At Right Now?
Dave:
Oh god,
Tony:
It’s pretty rough. I purchased properties where the radiators froze and the heating system was gone. I purchased a few inhabitable properties that just needed full gut job renovations, and that’s where I started using line of credits as a huge tool. Still to this day, think line of credits are most valuable tools that you can use in real estate. So being able to purchase these properties with a line of credit, renovate them with a line of credit, and then putting traditional financing on it, freeing up that line of credit again, and then just rinse and repeat. For
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