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Updated about 1 year ago, 10/02/2023
Business Line of Credit
Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am trying to add more rental properties and wanted to see how to use this. A lot of banks here are not doing HELOCs. So I am looking at line of credit or possible cash out refinance but really don't want to cash out refinance on my primary.