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Updated almost 3 years ago, 02/17/2022
Business Line of Credit vs. Private Money Lender
Good morning all!
Wondering if anyone would be able to answer a few questions I have regarding business line of credit vs. private money lender. Once approved for a business line of credit after you have found a property and once property is rehabbed, would it be a good idea to refinance with the lender that provided the business line of credit? Ultimately, my end goal is to buy and rehab a property to rent it out to a tenant. Which would be the best idea to use a business credit or a private money lender then refinance? Also, if there are any additional tips or recommendations someone would like to share, please comment below, I would really appreciate it. 😌