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Updated 3 months ago, 08/19/2024

User Stats

27
Posts
5
Votes
Diego L.
  • Rental Property Investor
  • Greenville, NC
5
Votes |
27
Posts

how to fund first flip

Diego L.
  • Rental Property Investor
  • Greenville, NC
Posted

hello, i live in Hamburg Germany. I have a unit in Greenville NC, under an LLC completely paid off. I want to get a home equity line of credit to fund buying foreclosure home. My Credit Union said they cannot help because house is under an LLC. I need to go with commercial banking. a couple of questions

-My question is who do you guys recommend i use?

-can i buy a foreclosure under an LLC? for just a flip, would that make sense

thank you for any feedback you can provide. 

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