Business line of credit vs cash out refinance ?
I am working on my first BRRRR property. I have found a bank that has given me the option to either take out a business line of credit on 80 percent of the appraised value or refinance at 75% of the appraisal. The BOC min payment is interest only. The BOC seems like the best option, but I am not sure if I am missing anything. Any advice is appreciated.