Updated almost 6 years ago on . Most recent reply
PLOC vs Personal Loan vs Credit Card to Fund Rehab
I have cash to buy a distressed property and I’m looking for a way to fund the rehab only. My plan is to implement the brrrr strategy and cash-out refinance once the property is rehabbed. I’m looking at personal lines of credit, personal loans, or 0% credit cards to fund the rehab. Does anyone have experience using these options for real estate deals and have an opinion on which would work the best for my strategy? Right now I’m leaning towards the PLOC. Thanks