What do you recommend, hard money or line of credit?
My husband and I started our real estate business a year and a half ago in Georgia. We’ve used a combination of our own funds, investors (family) and hard money loans. I thought I’d investigate lines of credit, like Seed Capital. Do you have opinions and/or experiences? Thanks!
Thanks for the question. I don’t have any experience with Seed Capital for an investment property LOC. Whether you use hard money again or a LOC depends on your goals and financials. You’d need to consider the cost of the debt and if either the existing property’s income or the new purchase can cover the new debt servicing expenses. It might be worth a trip to your accountant for review after you’ve done a bit of comparison shopping.
Here is an article on investment property LOCs: https://fitsmallbusiness.com/investment-property-line-of-credit-loc/
Hope this helps!