Foreclosures / Auctions
Hi, if I have a decent amount of a business line of credit, how could I use that towards tax sales or auctions? The tax sales have a 2 year redemption period but with Auction.com I could rent or sell right away. Is it best to buy with the line of credit and then refinance that with a local bank for 15 - 30 years? What is a good strategy in using the line of credit to add rental properties to my portfolio? I would like to add 2-3 properties to my portfolio in the next 3 years.