Lines of Credit vs Hard Money

[Stephany Johnson]

My husband and I are nearly finished with our fourth rehab/fix and flip. We've used a combo of our capital, investors (family) and hard money loans. I'm looking into lines of credit to avoid origination fees, higher interest rates and points. Seed Capital was mentioned to me by multiple seasoned RE investors. I've spoken to them and understand the process/fees. Can you seasoned investors post your recommended funding strategies? We will continue to work on an investor list, but that's going to take time. Thanks!

[Jay Hinrichs]

those outfits simply put you in multiple credit cards that have first year no interest..

so as long as you can get in and out your OK.. and if you want to you can probably find all the CC you want yourself

keep in mind though you start maxing out CC debt your FICO will plunge so unless you need a top credit rating during then you may want to think twice about it.

the nice thing about HML is they don't report to fico.