Updated almost 7 years ago on . Most recent reply
Business Line of Credit vs Cash out refi
I just completed my first deal of renovating and renting my first property. I have a question of which method I should pursue in getting more properties. I have been doing a lot of reading about different companies doing business lines of credit, which charge 3-4k to start. I also have a good amount of equity in our first rental.
My question is, which method would you take? Business line of credit or a cash out refi and extend another few thousand over the next 30 years? And why?
David