Updated over 9 years ago on . Most recent reply
Is this unethical?
I have a business that I make good money with plus a 401K I can pledge as collateral. On the other hand, my Houston real estate business is new with no tract record or financials. Would it be unethical for me to get a line of credit with my proven business and let it loan funds to my real estate business?
Most Popular Reply
@Shanequa J., it doesn't sound unethical to me. If it's your business, it's just a decision you need to make for your business. Depending on your business' financial situation, it might be a poor decision to leverage your business assets to grow your RE portfolio but not an unethical one.
Good luck!
David