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Updated over 8 years ago, 05/13/2016
Operating Capital
Hello All,
My business partner and I both own several rental units. We're in the process of forming an LLC or LLP to acquire, renovate and develop properties. We have access to deal financing.
We are seeking operating capital, or seed capital that can be used for a small operating budget.
I would like suggestions for securing operating capital. We have good credit and some assets however; we are seeking unsecured debt.
Thanks All
Kina Lane
You will pay much higher rates for unsecured debt. It would be cheaper to get a HELOC on one or more of your rental units.
If you don't mind sharing, do you know how your operating budget will be structured?
Hello Steuart
This question is from more than a year ago. My circumstances are complete different now.
What do you mean by how willthe operating budget will be structured??? Are you asking about incorporation?
I have some good investors that are interested in any lucrative project.