Credit Line (Not HELOC) to Purchase?

Question

Considering using personal credit line (not HELOC) to purchase a rental property investment in a solid rental area with renter in it until mid 2026.

Theres plenty more details but does doing something like this make sense?

Thoughts?

Nicholas L. · Answer

@Mark Morosky

no.

Patrick Roberts · Answer

Are you planning to use this line for the downpayment, or the full purchase? Also, do you plan to use it for permanent financing, or as a bridge to get the property stabilized and into another loan? Lots of variables.

Mike Grudzien · Answer

What rate on the PCL?

Ashley Price · Answer

It's several different options. I have some investors that use personal unsecured loans to purchase and rehab, fix and flips as well reach out let's talk.

Credit Line (Not HELOC) to Purchase?

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