If you are an active Real Estate Investor you may qualify for a business line of credit that will allow you certain benefits such as the ability to purchase properties on a moment’s notice and you will not have to qualify for financing. You can buy through auctions where you get big deals. You can also purchase bulk real estate transactions and become a true trader. This program is especially for those who are active in commercial or residential investing and are established in business entities.
Steve Liefschultz Minnesota, a renowned banker and real estate expert is currently serving as the CEO and chairman of Equity Bank. This bank specializes in investment lines of credit and real estate loans. Mr. Liefschultz thus offers opportunities to customers who want to revive shareholder value through real estate loans and investment lines of credit.
Advantages of Investment Lines of Credit
A line of credit is a plan between a customer and a financial institution that creates a maximum loan balance that the moneylender permits the debtor to maintain or access. The debtor have the right to use funds from the line of credit any time, on condition that the debtor does not surpass the maximum amount set in the contract and providing that the debtor meets any other necessities set by the financial institution, such as making minimum payments on time.
There are numerous benefits to have a line of credit as opposed to a term loan on your property. The major benefit is cost and as a business person cost is primary to all of your decisions. If you have a term loan you need to pay a maximum payment each moth based on the complete amount of the credit limit. With the line of credit you only pay interest on what you have a loan from.
The next major benefit is flexibility which is usually not present in a loan and it helps the Real Estate Investor and business owner move fast to take benefit of chances at the lowest costs. Additionally, the property used as security can still be let out for positive cash flow and it escalates and the equity propagates.
Steve Liefschultz for more than several years has been helping real estate investors achieve their financial and investing goals.
Career of Steve Liefschultz
Before becoming a part of Equity Bank, Steve Liefschultz Minnesota co-founded First Bank Florida situated in Naples. In addition to this, he has serves as the CEO and chairman of The Remada Company, formerly recognized as L&D Management, where he possessed, handled, and established the sale of about 1,250,000 square feet of real estate properties. From the University of Minnesota, Mr. Liefschultz completed the Bachelor of Arts degree and from the University of Minnesota Law School, he received a Juris Doctor degree
Thus, it can be said that the most popular type of real estate financing method is using a real estate line of credit. The access to free spendable cash can be very beneficial.