Business line of credit to fund purchase?

[Jesse Aaron]

Newbie here. Going to look at at potential rental property; 38k for 3.5 acres, 2 bed, 1 bath. Rural area so I’m assuming will rent for 650-750 monthly. I have enough cash for a 25-30% down payment, but an older investor advised me to get a 50k line of credit through the bank for the purchase. Has anyone done this? Is there any advantages? It seems to me that a line of credit interest rate is higher than a mortgage rate.