Updated about 7 years ago on . Most recent reply
Business Credit Line
Hi everyone,
Is it possible for a new investor (with no experience and have no job) to get a business credit line? The only thing I can show is the money I have in my checking account. I am planning to use BRRRR strategy, so I want to get a credit line to make sure I have enough money for rehab.
If yes, where can I apply for the credit line?
How to find out if a loan company is legit? Do they ever require an upfront fee?
Thank you!
Most Popular Reply
Manolo D.
#3 Contractors Contributor
#3 Contractors Contributor
- Contractor
- Los Angeles, CA
Vee Vu Short answer, no. There might be some out there, about 2% of the lenders. Ask Chris Mason , maybe he knows.