Updated over 11 years ago on . Most recent reply
Funding Rehab
I'm new to investing. As an investor, have you found it easier to secure a small business credit card or a traditional line of credit? I have cash to pay for part of rehab, but am looking for other alternatives and I figured I might as well build my business credit while I can. If credit card, any particular favorites? Thanks!
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@Alex Ell "Quick Tip" from one of the BP podcasts. Check out prosper.com and lendingclub.com as another option to get rehab funding. They sounded like a good option, although I don't have experience with them.
Don't give up on private lending sources either - if you can get someone to take a second loan on a deal or act as an equity partner for the whole deal you might be able to run your first few deals that way until you build up capital.