Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago,

User Stats

7
Posts
1
Votes
Bryant McClellan
  • Little Rock
1
Votes |
7
Posts

Business Loan or Equity from Personal/Investing Property

Bryant McClellan
  • Little Rock
Posted

I'm trying to decide which route to take, I have a new LLC trying to build business credit. I purchased a duplex using my personal credit, trying to decide which would be the best approach in getting more properties. I talked to a few lenders that don't give HELOC on duplexes. I found one lender who suggested to refinance my duplex and pull 100k from the equity and change it to a conventional loan with 5% APR. I'm at 2.99% with my FHA, I understand I only can have one FHA loan at a time. They he stated I should apply for a FHA loan with the next purchase property with 3.5% down payment. I'm unsure, do anyone suggest where to look for a business loan at? I established the business May 2021, not sure if that long enough to apply for a business LOC. I need some guidance with this please help. Thanks

Loading replies...