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Updated about 7 years ago on . Most recent reply

Erik Tarver's profile image
Erik Tarver's profile image
Erik Tarver
  • from Wichita Falls, TX
  • Member since Apr 4, 2018
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Erik Tarver's profile image
Erik Tarver's profile image
Erik Tarver
  • from Wichita Falls, TX
  • Member since Apr 4, 2018
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Erik Tarver
  • Wichita Falls, TX
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Mortgage Brokers & Lenders

Loans or line of credit?

Erik Tarver
  • Wichita Falls, TX
Posted

As a new investor which is better/ easier to obtain in order to purchase a home, loans or a buisness line of credit if I open up an LLC.

My credit is fair but I don't have a lot of credit history, getting loans is difficult. I have one house now that I bought with an fha, but it is currntly being rented out. 

I was exploring a heloc as well but I have not contacted a bank about that option. 

Any advise is appreciated! 

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