Property Rehab Loans and Lines of Credit
	One of the most common uses for business locs is for use in conjunction with the acquisition, rehabilitation, and sale of property. Banks and finance companies typically love having their debt investments secured by real property. In the event of a default, the bank has a large tangible asset that can be sold quickly (wholesale buyers of foreclosed real estate have become very popular recently). If you are well versed in real estate investments, property rehabilitation, or contracting – then you may be able to obtain a line of credit that supports your ongoing purchase and rehabilitation needs. As the free flow of credit in our economy has slowed down, many banks and finance companies are now only providing business loc that provide you with 75% of the capital needed to acquire and rehabilitate a property. You will be required to make a 25% equity capital injection into each property that you intend to acquire. When working with a line of credit secured by rehabilitated real estate, you should plan out how long it will take you to complete the project, the anticipated carrying costs (interest, taxes, etc.), and what steps you will take if the property does not sell. In many instances people that use business loc for property rehabilitation will find a tenant to occupy the residence while the property remains on the market. In some instances, you may find it helpful to refinance the property into a standard mortgage loan so that you can have additional capital to undertake property rehabilitation projects. As we saw in previous articles, you may or may not be required to have a completed business plan in order to obtain this type of business loc. Most likely than not, the finance company that is providing you with this type of credit facility will require a formal business plan outlining the type of properties that you are buying along with your personal financial statements.
	Below are a number of articles that you can read that will assist you in obtaining a business LOC:
	Business LOC vs. Business Loan Securing a Business LOC Do You Need a Business Plan to get a Credit Line? How has the Economy Affected People's Ability to get Credit? Unique Business LOC Types Property Rehab Loans and Lines of Credit What is a Warehouse Line of Credit? Businesses Best Suited for a Business LOC Alternatives to Business Credit Facilites Using Personal Credit Cards Instead of Business LOC The Mechanics of a Business Loan The Mechanics of a Business Line of Credit Importance of Establishing a Business Line of Credit Using a Business LOC for Startup Capital Questions That Will Be Asked By Your Banker The Importance of Personal Credit When Obtaining a Business LOC What is an SBA Backed Business Line of Credit? Determining How Much You Can Borrow Through A Business LOC How a Business Line of Credit Should Be Used Comparing Offers from Banks for Business Lines of Credit Business LOC and the Concept of Leverage Secured Vs. Unsecured Business Line of Credit Using a Business Loan/Credit Line Brokerage Repayment of a Business LOC Commonly Used Terms in Lending Using a Small Bank to Obtain a Business Line of Credit New Business Line of Credit Business Revolving Line of Credit Overdraft Line of Credit Small Business Lines of Credit Accounts Receivable Backed Lines of Credit