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Updated about 5 years ago on . Most recent reply

User Stats

17
Posts
0
Votes
Wayne Emminizer
  • Rental Property Investor
  • Little Elm, TX
0
Votes |
17
Posts

Business Line of Credit

Wayne Emminizer
  • Rental Property Investor
  • Little Elm, TX
Posted

We are refinancing one of our properties and will be pulling out about 42K in cash. Not enough by itself to do what we want to do which is Buy and Hold using BRRRR. We need $200-$250K. Looked into some BLOC's but many want gross rental business income of $5-10K per month. My question is if anyone knows of a program or lender that does business lines of credit of say $200K using cash as a seed. Might be a crazy idea but I figured I would ask anyway. Thanks.

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