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Updated over 7 years ago, 08/17/2017

User Stats

34
Posts
10
Votes
Matthew Roberts
  • San Diego, CA
10
Votes |
34
Posts

Hard Money / Line of Credit

Matthew Roberts
  • San Diego, CA
Posted

Is there a particular strategy that makes more sense if you're going to finance through Hard Money or Lines of Credit with a high interest rate? 

Current situation is possibility to get up to $200k of financing with 0% interest for the first 15 months. I'm not sure if there's a fee to start this or what the rate will be after the 15 month grace period, but assuming its high I feel like it doesn't make sense to continue with this line of credit unless you refinance into a long term loan or if you're flipping. It seems like the best strategies are BRRR, Fix & Flip, and maybe wholesale. I'm very new so any help would be appreciated. Thanks!

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