After speaking with my local bank, I am able to qualify for a $25k personal line of credit at a 13% adjustable rate. Has anyone had experience using a personal line of credit when creatively financing deals? My thinki...
Has anybody taken out a personal line of credit with a bank? I read interest rates are variable and can fluctuate from 9-15 percent. Thoughts?
Is it inadvisable to use a personal line of credit of $10k to put towards my down payment? The interest rate is slightly higher than 10% (less than a credit card, more than a mortgage). Trying to squeeze blood from a ...
I'm really struggling to figure out the best way to get my 20% purchase price and 10% rehab price that a hml lender requires for a flip(around 35k total). Does it make sense to take out a personal loan of credit? I ha...
I currently have no debt on my personal residence. I am wondering if I should leverage some of my equity as a way to fund investment property? Should I look to a private lender or conventional?Thank you Ric
I would love some more information from anyone who has had success with receiving a line of credit purchase real estate. I would like to start working towards getting one however I am unsure which option would be easi...
Is it a bad idea to use a personal line of credit to fund a down payment on a rental property ? I have very little cash on hand and I’m eager to get started on my first deal. I know not to rush into this thing or I mi...
I turned 18 years old in June of 2023 and immediately applied for a credit card. I got a secured credit card with a line of 300$ to build my score. This being said, I still don't have a personal credit score (and wont...
Does anyone know if it's possible to convert personal lines of credit to corporate lines of credit? I currently have about 70K of unused personal credit lines, but I refuse to use credit cards for consumer purposes, s...
My last two investment property loans are under my LLC and I started receiving Amex offers in the mail (which I have no desire to use) Im just wondering what are the actual benefits of using business credit vs personal