Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: GO BLUE on February 16, 2005, 11:42:06 pm

Title: Use of Credit Line?
Post by: GO BLUE on February 16, 2005, 11:42:06 pm
We are currently seeking a credit line for our business.  We buy/ rehab/ sell or refinance properties.

Are plan is to use the credit line for the purchase of properties, to rehab them, and to pay the payroll of ourselves and our employees.  Is this common practice, are local lenders do not agree.  We are curious what others do?!  Any advice?!