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Updated 12 months ago,
Business Line of Credit to purchase Real Estate
Has anyone used a Business Line of Credit to purchase real estate? I’m considering getting one for my business and using it to purchase rental properties. I’m placing the rental properties under my business entity. Depending on how much I’m approved for, I’m thinking of using it to purchase 100% of it or at least the 20% down payment.
What do y’all think of this strategy?