Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago, 01/01/2017
SBA financing for first time real-estate flipper
I want to flip houses. Could I create an LLC or Scorp, open a SBA unsecured business line of credit and use that line to finance the down payment and reno cost for the flips?
Background- I'm 28, work full time, married, wife works full time, no kids, we each have employer retirement plans that we don't want to touch. We own our home but no equity for heloc or collateral. I have no personal money to use to start the biz and I don't want to have to secure a hard money deal.
Thanks
Wayne Brooks#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
- 13,506
- Votes |
- 23,418
- Posts
Nope.
Vacasa
|
Sponsored
We do the work. You get the ROI. We do it all for your vacation rental. All—marketing, pricing, guest requests, housekeeping & more.
thanks for the feedback