Minimum Experience is 1 Fix & Flip or own a rental in the last 2 years
One time Flat fee of $2,000 upfront, a total of 1/2 point of an origination
fee based on the value of the RELOC. The balance of the 1/2 point is paid
once you have close a loan using the RELOC. Industry Standard is 1 point.
Lower Interest rates - RELOC rates range from 8-11%.
Multiple deals at a time
NOT like a HELOC - Requires a propety purchase to use