Just get the money already!
Am I missing something? I've got North of 150k in sfh's with my LLC. I want to get a business loan, 5 year term, 15yr amortized, around 7% APR: rougly 70k loan. LTV would be 70%. I WANT TO DO A FLIP!! 5 years studying.. I feel prepared. In the event I don't pull the trigger ..I just pay the loan back...RIGHT?? possibly eat some holding costs.
Side note. I met with a financial broker recently. Suggested I might apply for multiple credit cards at once, through him..at 7-9% acquisition cost (woaaaa) of total credit requested. When credit cards come, I would pull cash off the cards, at 0%apr, 0% cash advance, 24 mths. Sounds plausible. This a big NO NO??