What is a Real Estate Line of Credit (RELOC)?

A brief description of a Real Estate Line of Credit and how it is used.

A Real Estate Line of Credit is a short-term financing option and revolving line of credit that can be utilized to purchase and rehab non-owner occupied properties. Approved investors are only required to apply once every 365 days. Once approved for this financing option, investors may draw cash for rehab (fix & flip or fix & rent) investment projects, as needed.