working credit line - Posted by lachin

import · February 5, 2001, 1:16pm

Posted by IB (NJ) on February 08, 2001 at 16:00:52:

nt

import · February 5, 2001, 1:16pm

Posted by lachin on February 05, 2001 at 14:16:40:

I have enough cash to back my REI. However I am a beginner in that job. Because I have to manage the family wealth I have to get into that business and manage family real estates. Can anyone give me web page or information about how to get a working credit line.
Thanks in advance

import · February 5, 2001, 2:32pm

Re: working credit line - Posted by IB (NJ)

Posted by IB (NJ) on February 05, 2001 at 15:32:47:

Also, First Union has a new program where they’re giving unsecured credit lines $25-50k with no income verification (this may be small compared to your needs). You do have to have decent credit. According to my banker, FU suddenly wants to start loaning more money.

import · February 5, 2001, 1:23pm

Re: working credit line - Posted by Matt B

Posted by Matt B on February 05, 2001 at 14:23:22:

Try this question over on the finance board-http://www.creonline.com/real-estate-financing/wwwboard6/index.html
Ed Garcia has addressed this question many times, and I’m sure he would be happy to help you out.

import · February 5, 2001, 5:22pm

Re: working credit line - Posted by Darin in Ca.

Posted by Darin in Ca. on February 05, 2001 at 18:22:37:

Are there any First Union banks in California or do you have a number for them. Thank you in advance.

import · February 5, 2001, 4:13pm

Re: working credit line - Posted by eric-fl

Posted by eric-fl on February 05, 2001 at 17:13:45:

I have great credit, and am looking to establish a LOC for purchasing home equities at a discount on “subject-to”-type deals. Is the bank looking for a business plan for these credit lines, or can this just be for “whatever”? I assume this would still incur a personal liability, i.e., I could not take this out in a business name.