Updated almost 5 years ago on . Most recent reply
Using a personal loan for a flip?
I'm curious if anyone has used a personal loan to fund a rehab and flip? I have good credit and a decent bit of cash but still need to finance in order to start flipping. I'm worried because I'll be a first time flipper, I will not be able to find a hard money lender that will lend to me.
If you have used a personal loan for a flip, is there anything "shady" about doing it that way and did the lender know you were going to use the loan for a flip?