Is Business line of credit the way to go?

[Robert J.]

Hey!

My wife and I are occasional flippers with 4 under our belt and we typically use a heloc on our primary to secure hard money and pay for rehabs.

I own a plumbing company I’m just getting off the ground and know the money will be there eventually but could be a while.

My mother in law lives in CA (I live in oregon) and they have a few rentals plus their primary that they have 1million plus in equity in. We just had a baby and I’m looking to expedite the flipping growth and they said they’re willing to loan us that money I just need to figure out how and not have it cost them a lot.

I’ve looked up bloc or cloc and I understand them but the cross state stuff seems to be an issue and I’m curious if any of you experts have any advice.

Thanks