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21
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Joe Harris
  • Investor
  • Dubuque, IA
1
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21
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Loan for Multifamily business?

Joe Harris
  • Investor
  • Dubuque, IA
Posted
Someone told me I could get a business loan for my Multifamily business. Instead of buying just 2 duplex. I can use the down payment for the down payment on business loan. Then I would have more cash for flipping. Like instead of putting 20k down on apartments, I put 20k down on business loan to have more cash for down payments.. This bank would give me 100k cash to use. I think the 1st loan would drop the credit. But as long as you have 20% down I could still get approved? Thanks