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Updated almost 6 years ago on . Most recent reply
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Personal line of credit for flipping funds
Hi fellow BPers. I am looking for a recommendation for a company that does unsecured personal lines of credit to speed up my growth rate in my flipping business. I previously used a company for my first flip that used credit cards at 0% intro interest rate to complete my first flip. I have no interest in repeating that experience. I'm looking specifically for personal lines of credit and not any more credit cards. My credit score is around 720 and still recovering. In my market I can do a flip with roughly 80,000 so I'm looking for a minimum of $100,000 to be safe. Any insight would be greatly appreciated.
Most Popular Reply
I started a business entity and applied for business credit. It doesn’t reflect on your personal. I haven’t bought anything using this method yet but everything is in motion. Drew could you share your experience with using credit cards?