Business Line of Credit or Hard Money Loan for residential MFH

[Lilly Olabre]

Hello!

I'm trying to come up with other ways to fund my next MFH purchase.  I have some cash on hand which might be enough for a down payment but I also don't want my money tied up to one property.  So I was wondering if any of these ideas would work or what the cons to it would be.  I'm sure there are things I wouldn't think of that's why I'm asking here.  These are the options I've thought of:

a. I got an invitation for a business line of credit through Chase (I've had an LLC for about 2 years and was building up my credit). I remember hearing in the past that some investors use business LOC to invest. Is there any way I can make use of this to put down as down payment? I'm thinking that might work but will it be easy to refinance to conventional later? What are other things I may not know about using this?

b. what if I use a hard money loan for the down payment so I'm only paying interest every month for a few months?  Last time I used them they only required a 10% down payment.  Then I can refinance into conventional later.  Is this something that might work?

Any other ideas are appreciated.  Thank you!