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Updated almost 7 years ago on . Most recent reply

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59
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Joseph Platyan
  • Insurance Agent
17
Votes |
59
Posts

Business Line Of Credit To Fund A Deal

Joseph Platyan
  • Insurance Agent
Posted

Hey,

I am curious if anyone has used a business line of credit to fund a deal before?

I own a business and I get marketed all the time with 50K-100K approved line of credits on the business.

If you have, how do you use it properly and safely?

(I'm a newbie)

Thanks!

Most Popular Reply

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2,325
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911
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Antoine Martel
  • Rental Property Investor
  • Miami, FL
911
Votes |
2,325
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Antoine Martel
  • Rental Property Investor
  • Miami, FL
Replied

I have LOC and I use it to fund deals all the time.

Try to get an unsecured LOC and you can essentially use it like cash.

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