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Updated almost 9 years ago on . Most recent reply

Wilmer Feliciano's profile image
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Wilmer Feliciano
  • from Hobart, Indiana
  • Member since Feb 14, 2016
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Wilmer Feliciano's profile image
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Wilmer Feliciano
  • from Hobart, Indiana
  • Member since Feb 14, 2016
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Wilmer Feliciano
  • Hobart, IN
7
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Starting Out

Buisness line of credit good or not

Wilmer Feliciano
  • Hobart, IN
Posted

I was thinking about getting a business line of credit under my llc. Can anyone give me advice? Good or not good

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Joe Villeneuve
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  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve's profile image
Joe Villeneuve's profile image
Joe Villeneuve
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  • from Plymouth, MI
  • Member since Jul 7, 2013
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Joe Villeneuve
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#4 All Forums Contributor
  • Plymouth, MI
19,400
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Joe Villeneuve
Pro Member
#4 All Forums Contributor
  • Plymouth, MI
Replied

If you can get any funding, that is not tied directly to a property, it is 100 times better than cash...if you know how to turn it into an unlimited stream of funding for all your future deals.  If the amount of funds you have access to at one time is greater than or equal to the minimum amount needed for your basic property profile, you won't need any new funds ever again.

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