Updated over 1 year ago on . Most recent reply
Business Line of Credit to purchase Real Estate
Has anyone used a Business Line of Credit to purchase real estate? I’m considering getting one for my business and using it to purchase rental properties. I’m placing the rental properties under my business entity. Depending on how much I’m approved for, I’m thinking of using it to purchase 100% of it or at least the 20% down payment.
What do y’all think of this strategy?
Most Popular Reply
To secure a large business line you need two years IRS returns with net income number and high FICO. Business line may show and if you intend to finance you still must meet debt to income ratios or DSCR numbers.
100% financing investment is high risk.