Posted by Ed Garcia on May 08, 2003 at 10:38:34:
M Carman,
It’s apparent that you’re a seasoned experienced investor who is doing a volume business.
You are definitely a good candidate for a WLOC. You’re going to have to have another exit strategy other than selling on a Lease/Option. Remember that a WLOC is short term financing.
Therefore you could buy the houses on the line and sell them or you could refinance them off the line and lease/option them.
Ed Garcia