Posted by Robert McNeely on May 01, 2000 at 22:25:03:
I see nothing wrong in using your equity line if you use care in selecting your deals. In my area $25K would fund 5 to 8 deals, generating notes for $50k to $75k. I find when using an equity line, (I have on several deals) it is harder to keep track of where the money went. A better solution might be to do a couple of deals to show a banker your capabilities, then look for a bank that will fund your deals separatly if you let them hold the created note as collateral. It is nice to know that that $260 payment comming in will pay the much smaller bank payment, and the left over is profit.