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Eric Heng
  • Burtonsville, MD
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Business Loan vs Personal loan

Eric Heng
  • Burtonsville, MD
Posted

Hello all,

I am currently looking to buy a second property which I plan on renting out. I was wondering what would be best, an individual loan or a business loan and what are the advantages vs disadvantages of each? I saw that if you get an individual loan, you would have to rent out the current property and occupy the second? I was hoping to avoid that and stay in my current property. Also does the loan become callable?

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