Using a mortgage vs. a line of credit.

[Eugene Davis]

I am possibly about to acquire my first investment property, which will be a BRRR project. I have a credit score of 805 (in case that's relevant), and I'm looking at using a mortgage company or a line of credit from a group of private investors. The mortgage company lends for acquisition, renovation, and of course, refinancing. They are local to my area and have a lot of experience with investors. On the other hand, the Line of Credit seems like a good option because I can access the funds as I need them. I don't have the interest rates yet from either, but I'm wondering if people could give me advice or pros and cons I may be missing. Thank you.