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    3 Replies Latest reply on Feb 25, 2009 12:33 AM by Stpetehomes

    Line of credit for real estate

    mfd1974 Newbie
      i spoke with a broker who is telling me that with a score of over 720 that he can get me $150k unsecured line of credit with very low interest rate...i find this hard to believe is this another case of too good to be true?...I actually have 2 different brokers telling me this

      what else do i need to know about these LOC...i would be using the funds to buy bank owned multi family properties, rehab them and then refinace after work is complete and the units are rented out and then pay down the LOC...

      thanks