Updated over 5 years ago on . Most recent reply
Investing with Business Credit
Does anyone have experience with opening an LLC to acquire business credit & use it to invest?
Most Popular Reply
@Melody Robinson
What you are saying is absolutely possible and a way to leverage your LLCs; by acquiring lines of credit in the LLCs and using those funds for purchase, repairs, gap funding in combination with hard or private money, advertising expenses, or any other business related expense. I have helped several investors acquire these lines and then teach them ways to leverage them. They are good for short term strategy as opposed to long term hold.