Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Loans or line of credit?
As a new investor which is better/ easier to obtain in order to purchase a home, loans or a buisness line of credit if I open up an LLC.
My credit is fair but I don't have a lot of credit history, getting loans is difficult. I have one house now that I bought with an fha, but it is currntly being rented out.
I was exploring a heloc as well but I have not contacted a bank about that option.
Any advise is appreciated!