Real Estate Broker · Los Angeles, CA · Member since 2017 · 12 posts · 2 votes
Im using a HELOC to rehab one side, and do not want to spend my capital rehabbing the other unit, which will cost 60-70k. What type of business line of credit or SBA loan would work best?
Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
4y
Loan from family member, 401k loan, personal loan. Business line of credit...go to the commercial side of a local bank or credit and inquire.
Do you have an entity? Do you have business credit? Do you have a DUNS number?
If not, go to myFico.com and read the forums in the Community section. There is a Business area that talks about which credit cards pull personal vs business credit.