Widowed, confused about loans, equity, investing.

[D. C. Malin]

I bought a house cash with life insurance money to get out from renting. I have the house in an LLC to protect from possible liens and other issues. I now want to use some equity for some medical needs not covered by insurance, pay off a very high-interest car loan, and fix up the house a bit. I need a loan for about 50K or so. I have been in touch with a loan company that offered 100K at 2.25% for a 15-year loan. I don't need that much for my medical, bills, and fix up, but they said that is the minimum loan amount. But I wonder if there is a way of putting that balance (50K) to work for me. House is valued at approximately 250K right now. I bought it for 200K 3.5 years ago.

My credit is not great, but I have been working on it for over a year now and it has gone up over 100 points so far. I would like to use some of the equity to invest in more real estate if that is even a wise option. Not sure what to do or where to turn. I am 55 years old and alone. I am disabled, so my earning potential is a bit limited so I would like to put my asset to work for me. Any and all suggestions are greatly appreciated.