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Updated almost 6 years ago on . Most recent reply

User Stats

82
Posts
49
Votes
Drew Cameron
  • Lender
  • Peabody, MA
49
Votes |
82
Posts

Personal line of credit for flipping funds

Drew Cameron
  • Lender
  • Peabody, MA
Posted

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

User Stats

53
Posts
22
Votes
Jose Pena
  • Rental Property Investor
  • San Diego, CA
22
Votes |
53
Posts
Jose Pena
  • Rental Property Investor
  • San Diego, CA
Replied

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?

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