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Updated over 5 years ago,
Line of credit to start investing
I am looking for ways to get started while I continue to save capital. Is it possible to get a line of credit through an LLC if I am just starting out? My idea is that I would use the line of credit to flip properties to help build more capital quicker to invest in multifamily rental properties. Also instead of just flipping, would it be possible to use for a BRRRR type of strategy to keep the property as a rental and refinance to pay back what was borrowed from the line of credit?
Appreciate any insight.