The #1
Real Estate Investing
Community
   My TCI   |   Products   |   Services   |   Properties   |   Forums   |   Links   |   Articles   |   Brokers   |   Groups   |   Lenders   |   Members 
   Forum Rules   |   Forum Tutorial   |   Advanced Search   |   Forum Help   Login    |    Join FREE   |    Invite Others New!  |    Subscribe   |    HELP! 
Sat, Jul 04, 2009 
Topics 'N Comments
Forum Topics
* Hotels
* Anyone Know A Mapping Program That Does Multiple Locations?
* Closing Doucments For Sub2
* Advertising For Mobile Home I Just Purchased
* Refinishing Hardwood Floors...advice?
* Lingering Vacancy
* Closing And Title Company
* Structure Of Equity Sharing Agreement With Private Lender
* Financing
* Building A City
Comments
* Thanks for posting...
* Jason.... You''re...
* Don''t do business...
* Jason, Something ...
* bargain76... THANK Y...
* Jason, one of these...
* Right on, Kim ...
* Hi Mike, Your...
* I agree, Kim Tucker...
* This is the reality...
Contact Us
703-778-5755
Login Problems?
Sales
Support
Feedback
Recommend Us
History and Purpose of TCI


Advertise on our site
Advertising Login
Sell Your Product Here!
Official PayPal Seal
Foreclosure Forum
Moderated by: joel, TheShortSalePro, JohnLocke, bargain76
Forum First Timers Click Here		   

Real Estate Investing Forum Index / Foreclosure Forum / Working Line of Credit (WLOC)

Author

Working Line of Credit (WLOC)
verne_j

157 Posts  
Member Since: 01/23/2003
Garden Grove, CA
Join verne_j's Network
What's My Favorites Network?		 Posted: 13:10 on 06-03-2003   
Does getting a "WLOC" mean you get a loan from the bank? Do they use your equity for collateral?

Verne
   Profile of verne_j Profile of verne_j    Edit/Delete PostEdit/Delete Post    Quote this PostQuote this Post    Report this post
ChipNJ

14 Posts  
Member Since: 09/24/2002
Ridgewood, NJ
Join ChipNJ's Network
What's My Favorites Network?		 Posted: 15:01 on 06-03-2003   
a quick summary:
A WLOC is a set amt of financing that you can access to conduct your business(thus the "working" designation. Although this can be "secured" (collateralized) they can also be obtained by a combination of 1.)track record 2.)business plan and 3.)a good deal of handshaking without being secured.

   Profile of ChipNJ Profile of ChipNJ    Edit/Delete PostEdit/Delete Post    Quote this PostQuote this Post    Report this post
verne_j

157 Posts  
Member Since: 01/23/2003
Garden Grove, CA
Join verne_j's Network
What's My Favorites Network?		 Posted: 15:20 on 06-03-2003   
Thanks for the reply!!!!

So are you saying you can possibly get a loan w/o using your home equity?
   Profile of verne_j Profile of verne_j    Edit/Delete PostEdit/Delete Post    Quote this PostQuote this Post    Report this post
  
  
Username or Email

Password

Remember Me:

Is the first-time home owner tax credit helping your business?

Yes
Maybe
No



Results
Polls

Votes: 16
Comments: 1
Real Estate News | Real Estate Investing Articles | Real Estate Investing Gurus | Real Estate Forums | Real Estate Lenders | Real Estate Investing Groups | Real Estate Course Reviews | Real Estate Services | Real Estate Courses | Investment Properties | Real Estate Search | Commercial Properties | Land For Sale | Houses For Sale | Houses For Rent | Real Estate Comps | Sell House Quick | Sell House Fast

The Creative Investor web site was created for Landlords, Property Managers and Real Estate Investing community.
Through using our forums, investors will be able to talk about finance, no down payment purchases, debt payoff, purchase strategies and current real estate news.
Privacy Agreement and Terms of Use. All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest 2002 by PropBot.com L.L.C.