Ask Marco - What Terms Should I Expect Using a HELOC or Business Loan for My Next Property? | PREI 231
And today's question comes from Jason. He says, dear Marco, we are looking to take out a HELOC, a Home Equity Line of Crediton our primary residence for the purpose of buying our next home.\xa0Since I am a licensed residential contractor, I would like to find a new construction opportunity or a fixer upper fixer property.\n\nMy question for you is two parts. First, would we be able to get better loan terms as a construction loan / line of credit, through my business or would it be more favorable to finance this as a personal loan?\xa0Secondly, there are a lot of HELOC Home Equity Line of Credit products out there. What terms should we be looking for in a favorable agreement and are there terms we should try avoid?\n\nDownload your FREE copy of The Ultimate Guide to Passive Real Estate Investing:\xa0\nhttps://www.NoradaRealEstate.com/FreeGuide/?utm_source=Episode_Summary\n\nIF YOU LIKE THIS PODCAST we would love if you would go to iTunes and Subscribe, Rate & Review our podcast.\xa0This will greatly help share our podcast with others wanting to learn.\xa0Thank you!\nLearn more about your ad choices. Visit megaphone.fm/adchoices