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Updated over 1 year ago on . Most recent reply

Brian Farrington's profile image
Brian Farrington's profile image
Brian Farrington
  • from Edgewater, Maryland
  • Member since Aug 17, 2015
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Brian Farrington's profile image
Brian Farrington's profile image
Brian Farrington
  • from Edgewater, Maryland
  • Member since Aug 17, 2015
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Brian Farrington
  • Edgewater, MD
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General Real Estate Investing

Starting an LLC to Renovate my home...?

Brian Farrington
  • Edgewater, MD
Posted

I own my home (have a mortgage). I want to keep my home and use it as a rental property. However, I need to do about $15k worth of work to get it ready. Due to a divorce, I don't really have the equity to refinance or get a HELOC. So, I've heard that if you get an LLC with an EIN, you can get a business credit card. Could I do that and use that to fund the renovations?

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