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Updated over 3 years ago on .

Cynthia Igbinovia's profile image
Cynthia Igbinovia's profile image
Cynthia Igbinovia
  • Member since May 15, 2020
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Cynthia Igbinovia's profile image
Cynthia Igbinovia's profile image
Cynthia Igbinovia
  • Member since May 15, 2020
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Cynthia Igbinovia
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Buying & Selling Real Estate

Hard money loan or a Letter of Credit?

Cynthia Igbinovia
Posted

I've been buying properties from wholesalers, getting financing from a hard money lenders, renovating then refinancing properties, using the BRRRR method. I am a buy and hold investor. I am considering a Letter of Credit from a bank or credit union for my next property. What are the pros and cons of these 2 financing methods?

Thanks in advance,

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