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Updated over 2 years ago on . Most recent reply

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Steven Barr
  • Atlanta, GA
57
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163
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Buy a flip home with business line of credit

Steven Barr
  • Atlanta, GA
Posted

Would it be possible to get a business line of credit from a bank for, say $200,000, and use this line of credit to purchase and rehab a single family home?

Thanks BP!

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Chris Seveney
  • Investor
  • Virginia
16,217
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Steven Barr

Depends on how long your business has been around and how profitable it is

If it’s a new business (under 2 years old) - no

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

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