Getting a line of credit of your new value created

One of the things John Dessauer teaches is that once you raise the value of a commercial property have it reappraised and get a line of credit on the new value.

This is where you need to be careful. You just bought the property because you knew that all the numbers said it was a good deal.

Now some people would take this extra money and run out and buy liabilities such as cars, boats etc.

John says to use this line of credit to only buy income producing assets. That way your ratios will never be out of whack.

If you had a line of credit of $100,000 on a property. You could take this $100,000 and put 20% down on a $500,000 multi family property.

John Dessauer basically used 3 deals just like this one to create $1,000,000 in equity not to mention cash flow, and you and I can do it to.

Thanks Burke Bennett
http://www.seidahohomes.com
208 589 5599
burkebennett@hotmail.com