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Real estate is one of safest investments you can make. The banks know this, that’s why it is so easy to get home equity lines of credit (HELOC). Banks feel more comfortable doing this than most any other type of lending. They know that if you stop making your payments, you can’t hide the property from them. They also know that just about every property will have good value and they can get most of their money back rather quickly. So, it makes a lot of sense to use banks to increase the size of your real estate investment portfolio. It is of minimal risk to both parties.
If your credit is good and you have some potential properties, let your banks know what you are trying to do. Odds are they will be happy to lend you the money for real estate investing. It doesn’t really matter to them whether you are trying to be flipping houses for a living or trying to become a buy and hold real estate investor. It is a safe investment for them, they know they will be getting their money.
So, make friends with your bankers, and bring them lots of business, they will appreciate your business and enjoy working with you. They are happy that you will be making lots of money, because if you are making money, then so are they.
