Pam Newman is a Certified Management Accountant, author and Certified QuickBooks ProAdvisor for Financial and Point-of-Sale software. She is also president of RPPC, Inc., which provides customized business development services.
Why is it not reliable to get an equity line of credit (from your own house) to put on your own business? Why is it so risky?
I want to start my own business, and I want to get a loan using the equity from my house. Why do some experts recommend entrepreneurs not start a business using a house's line of credit?