So let's talk about building wealth in real estate. So you guys got me excited about this line of credit.

So let's say, how common is it to get a line of credit to go out and buy real estate because that sounds very attractive to me I'm not going to lie.

I mean we literally just rolled this out like two months ago and something we've been working on, so it's somewhat new.

But we've heard about, you know, other real estate investors that have spoken with us over the last year or two that were like,

I've got my line of credit you know with my bank or

with my hard money guy and it kind of obviously peaked our interests like we need to

find a product like that that we can use and we've got essentially that in our back now right but the line

of credit option I wouldn't say is really that common because for somebody to give

you a line of credit just to kind of buy whatever properties you want

is not something that not only the banks but investors are really aware of.

Okay. So can we do this or not? Yeah. We talk after this. There's a lot of a lot of you know

due to the diligence that has to go into writing this line of credit.

Let's go through it.

Okay, so like the listeners to understand like if they qualify.

Yeah, yeah, I mean, you know, minimum line is probably going to be at least a million.

So it's like, you know, that already kind of, I think removes a lot of people.

In order to qualify, you need at least, I think it was it 20% up in reserves?

Yeah, 20% down in reserves? Yeah 20% down plus reserves. Yeah 20% down plus reserves. Yeah. So if you're talking about a million that's at least 200 grand. Okay. And then plus reserves on top of that. Okay, let's say.

And you would need good credit.

So your payment, your payment history has to be flawless.

I got a 580.

Five 80 is not happening.

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